It will be a busy week for the FX market in terms of economic events, but it will start slow with nothing significant on the calendar for Monday.
It will be a busy week for the FX market in terms of economic events, but it will start slow with nothing significant on the calendar for Monday. That said, the market will pay attention to any developments from the conflict in the Middle East.
On Tuesday, the focus will be on the Bank of Japan monetary policy announcement and its core CPI y/y. In the U.S., we’ll get Conference Board consumer confidence and the Richmond manufacturing index. On Wednesday, Australia will release inflation data, the Bank of Canada will hold its monetary policy meeting, and the U.S. will get the highly anticipated FOMC decision.
Thursday brings monetary policy announcements from the Bank of England and the European Central Bank. In addition, the U.S. will release its advance GDP q/q, the core PCE price index m/m, the employment cost index q/q and the unemployment claims figures. On Friday, Japan will publish the Tokyo core CPI y/y while in Europe most markets will be closed for Labor Day.