Monday will see Purchasing Managers Index for the Eurozone and several of the major nations in the Bloc. This will provide an indication as to executive’s current opinion of the market conditions. If the surveyed managers answers are positive then there is likely to be Euro strength. At the end of Monday there will also be the same release from the United States.
On Tuesday there will be speeches from the Bank of England President Mark Carney followed by a speech from ECB president Mario Draghi. Considering Draghi’s speech this week cause the market to move a whole cent in a few seconds this could be a very volatile few hours.
On Wednesday there will be Q3 releases for the Australia will include inflation data for the country. The Reserve Bank of Australia (RBA) is currently in a difficult predicament and have struggled to cause inflation to increase with such a strong currency. If there is further weak data then this could cause the RBA to have to consider a further rate cut.
Thursday and Friday will provide data from across the Atlantic. Any data from the US should be treated with importance as there is so much speculation surrounding an interest rate hike. There will be Durable Goods and Gross Domestic Product which are both indicators of the US economy. Good data will certainly increase the chances of there being an interest rate hike and could easily strengthen the US Dollar.