There will be a significantly lighter news schedule this week compared to last week, with the only central bank input due from the U.S. The week’s news will probably be dominated by the U.S with the release of FOMC Meeting Minutes on Wednesday. This is typically the most significant event of all in the Forex calendar.

The key days this week with the busiest schedules are Friday and Wednesday. The most volatile period of this week will probably arrive at the end. There is very little non-U.S. data scheduled for release this week.

Monday is a public holiday in the U.S.A., Japan, and Canada.

U.S. Dollar

The greenback’s week begins on Wednesday with the release of the key FOMC Meeting Minutes. On Thursday we will get Unemployment Claims and Crude Oil Inventories numbers, then finally on Friday, a slew of major data releases: PPI, Retail Sales, and Preliminary UoM Consumer Sentiment. The Chair of the Federal Reserve will also be speaking at a conference that day.

Monday is a public holiday throughout all of North America.

Chinese Yuan

It will be a light week for the Chinese Yuan with nothing scheduled except Trade Balance data on Thursday.

Euro

It will be a very light week for the Euro with nothing due except German ZEW Economic Sentiment numbers on Tuesday.

British Pound

It will be a very light week for the British Pound with no data of very high importance due at all. However due to the sensitive nature of this market, the Bank of England’s Credit Conditions Survey due on Friday is likely to be keenly watched.