This week can be expected to be more significant than the previous week, with Central Bank inputs due concerning the U.S. Dollar, the Japanese Yen, and the New Zealand Dollar. There is also some key Australian economic data due, as well as a key speech from the head of the SNB, so this week might see some important surprises or confirmations which could move prices significantly.

It looks as if the major activity and volatility are going to be centered on Wednesday and Thursday.

U.S. Dollar

It should be a very important week for the Greenback, with the highlight coming with Wednesday’s FOMC Statement and Federal Funds Rate announcement, as well as Crude Oil Inventories. Earlier, on Tuesday, we will get Core Durable Goods Orders and CB Consumer Confidence data. Finally, on Thursday numbers for Advance GDP and Unemployment Claims will be released.

Japanese Yen

It will be an important week for the Yen, with the highlight of the week coming on Thursday, with the release of the Bank of Japan’s Monetary Policy Statement and Outlook Report, followed by the usual press conference. Friday is a public holiday in Japan.

New Zealand Dollar

It will be an important week for the Kiwi, with the highlight of the week coming on Thursday, with the release of the Reserve Bank of New Zealand’s Rate Statement and Official Cash Rate. Note that Monday is a public holiday in New Zealand.

Canadian Dollar

It will be a fairly light week for the Loonie. The week begins on Tuesday with a speech by the Governor of the Bank of Canada. Then on Friday, there will be a release of GDP data.

Australian Dollar

It will be a light but important week for the Aussie, focused entirely upon Wednesday’s release of CPI data. Note that Monday is a public holiday in Australia.

Euro

The highlight of the week will come on Monday, with the release of German IFO Business Climate data.

British Pound

The highlight of the week will come on Wednesday, with the release of Preliminary GDP data.

Swiss Franc

It will be a very light week for the Swiss Franc. There is nothing due except a speech by the Chair of the SNB on Friday.