Monday EUR - Large block of intermediate EUR (Germany + France) news - last prints for PMI in the Eurozone have been less than forecast - if they continue to print short, may show weakness in EUR crosses.
CAD - Poloz speaks - if Poloz's release is on the dovish side, may continue to soften the CAD.
AUD - CPI data - last couple of CPI releases have fallen short of the forecast. If the trend continues the AUD may drop even further against the USD and other crosses. May push AUD/USD to the "zone".
Tuesday BANK HOLIDAY for NZD + AUD
USD - Consumer Confidence - small possibility for continued support of USD if it prints green. Red print might have muted effect.
Wednesday USD + CAD - Crude Oil Inventories
CAD - Poloz speaks - if Poloz's release is on the dovish side, may continue to soften the CAD.
Thursday EUR - OVERNIGHT RATE - widely expect to keep current rate with no change to monetary policy. If this is the case, along with (possibly) poor numbers from Monday's PMI, looking for EUR weakness + short opportunities.
JPY - OVERNIGHT RATE - expected to hold the current rate - mostly no change to economic outlook report. Likely little overall effect on JPY.
Friday EUR - Spanish CPI and GDP - long trend of disappointing CPI numbers with meeting forecast for GDP. May continue to soften up EUR and be the last event to push crosses even lower before Friday aft. profit taking.
GBP - Prelim GDP - decent printings as of late - mostly exceeding forecast. Along with BOE Carney speaking. Soft numbers/dovish tone may push GBP to the "zone" for some setups next week.
USD - Advance GDP and Price/Cost Index - the outcome of this release will contribute to the market's overall outlook on the upcoming rate decision. Will watch closely and be out of any USD crosses by release time.
Overall view is slight to moderate EUR weakness depending mostly on Thursday's outcome. Also possibility of continued CAD weakness throughout week especially if Poloz has a dovish tone in his releases. Wait and see on AUD. No major change/news is anticipated for JPY. Will keep run-up to USD rate decision in the back of my mind if entering any majors but most likely best to stand on the sidelines. 2