This week does not look like it is going to be especially eventful. Nearly all western countries, with the notable exception of the U.S.A., will be going on public holiday this Friday for Easter. This is a major holiday and we can expect to see a falling-off of volumes in the financial market towards the end of the week. However this year there will be a major U.S. data release on the actual holiday itself, so volumes will almost certainly be significantly higher than expected. The U.S. Dollar will easily dominate this week’s agenda, although there might be focus on the Euro on Tuesday if a special Eurogroup meeting is help.
U.S. Dollar
This will be a big week for the U.S. Dollar with a full week of economic releases. It is the only major western country without a public holiday this Friday, and on this day there will be a release of Non-Farm Employment Change plus Unemployment Rate data. This will be preceded on Thursday by Trade Balance and Unemployment Claims releases. Tuesday will see CB Consumer Confidence, and on Wednesday the ADP Non-Farm Employment Change plus the ISM Manufacturing PMI will be released.
Euro
The Euro is in focus during the early part of this week. On Monday there will be a release of German Preliminary CPI data. Tuesday will see the CPI Flash Estimate. Also on Tuesday, there might be a special Eurogroup meeting to discuss the Greek reform package, the outcome of which might have serious consequences for the Euro.
[CAD:FXAcademy CTA #121]British Pound
A relatively busy week for the GBP after Monday. On Tuesday there will be a release of Current Account data. Wednesday will see the release of Manufacturing PMI and on Thursday there will be a release of Construction PMI data.
Canadian Dollar
A busier week lies ahead with the scheduled release of GDP data on Tuesday followed by the Trade Balance on Thursday.
Australian Dollar
A relatively minor week here with only Building Approvals data on Wednesday and the Trade Balance on Thursday.
New Zealand Dollar
A fairly quiet week ahead with only ANZ Business Confidence on Tuesday followed by the Global Dairy Trade Price Index on Wednesday.