Weekly Fiscal & Political Outlook
The week in view is likely to be relatively quiet, as event risk shows the absence of actions or inputs from apex banks, apart from a speech from the #Swiss National Bank Chair, the overall outlook for the week is light on high-impact data releases.
On Thursday is crucial for traders due to the most important USD-related event risk, while also anticipating other crucial data releases regarding both the Sterling and the Aussie Dollar. Howbeit, we expect the week in view to be mostly driven by the greenback.
The week in sight looks to be a very quiet one for the Euro, except for the German #IFO Business Climate data that is billed for Tuesday.
We expect a fairly busy week for the US dollar. We anticipate the release of the CB Consumer Confidence data on Tuesday, while this would be followed by the Crude oil Inventories on Wednesday. The Unemployment Claims and Core Durable Goods Orders are billed for Thursday. Finally on this front is the Preliminary #GDP figures billed for Friday.
The week looks to be fairly quiet for the #Sterling, with no data release except Thursday’s Second Estimate GDP.
The #Aussie dollar will enjoy a relatively quiet week as well, with nothing due apart from the Private Capital Expenditure data that is billed for Thursday.
The Swiss Franc is likely to enjoy a pretty quiet week going into the week, except for the Monetary Policy statement from the Swiss National Bank chair on Tuesday.