There will be a very light news schedule this week, even compared to last week which was also a light schedule. The week is likely to be dominated by a public speech from the Chair of the Fed and several items of key U.S. economic data due on Friday.

However, there are also a couple of major items due from China which could have sizeable market impact. Monday is a public holiday in Japan. The market is likely to be most active on Friday.

U.S. Dollar

It will be an active week for the greenback, beginning on Wednesday, with the release of Crude Oil Inventories. Thursday will see the release of Unemployment Claims numbers. Finally, on Friday we will have the Chair of the Federal Reserve speaking a Town Hall meeting, as well as Retail Sales, PPI, and Preliminary UoM Consumer Sentiment data. Note also that on Thursday and Friday there will be three members of the FOMC speaking publicly and any surprises here can also have a big impact on the U.S. Dollar.

Chinese Yuan

It will be an important week for the Yuan, starting on Tuesday with the release of CPI data. Friday will see the release of Trade Balance data.

British Pound

It will be a quiet week for the Pound, with nothing scheduled except a release of Manufacturing Production data due on Wednesday.

Australian Dollar

It will be a quiet week for the Aussie, with nothing scheduled except a release of Retail Sales data due on Tuesday.