For the Dollar:
It’s a quiet week ahead.
Key stats include December’s JOLT’s job openings and January inflation figures on Tuesday and Wednesday.
Expect any pickup in inflationary pressures to support the Greenback and weigh on riskier assets.
The focus will shift to the weekly jobless claims on Thursday, ahead of consumer sentiment figures on Friday.
On the monetary policy front, FED Chair Powell is scheduled to speak late on Wednesday. Expect any chatter on the economic outlook and monetary policy to influence. At the last FOMC press conference, the FED Chair had failed to assure the markets on bond purchases.
The Dollar Spot Index ended the week up by 0.51% to 91.042.
For the EUR:
It’s also a quieter week ahead on the economic data front, with the German economy in the spotlight.
German industrial production and trade figures for December are due out on Monday and Tuesday.
Expect both data sets to influence both the EUR and the European majors.
On Friday, industrial production figures for the Eurozone will also provide direction.
Ahead of the Eurozone figures, Italian and French industrial production figures will also draw interest on Tuesday and Wednesday.
Finalized January inflation figures for Germany and Spain should have a muted impact on the markets, however.
On the monetary policy front, ECB President Lagarde is scheduled to speak late on Monday and again on Wednesday.
The EUR ended the week down by 0.74% to $1.2046.
For the Pound:
It’s a busy week ahead on the economic calendar.
In the 1st half of the week, January retail sales figures will draw attention in the early hours of Tuesday. The BRC Retail Sales Monitor will likely reflect the effects of lockdown measures introduced in late December.
The focus will then shift to 4th quarter GDP figures and December industrial and manufacturing production figures due out on Friday.
On the monetary policy front, BoE Gov. Bailey is scheduled to speak late on Wednesday. Any further talk of negative rates could peg back the Pound.
The Pound ended the week up by 0.20% to $1.3735.
For the Loonie:
It’s a particularly quiet week ahead on the economic calendar.
There are no material stats due out of Canada to provide the Loonie with direction.
A lack of stats will leave the Loonie in the hands of COVID-19 news and crude oil prices.
The IEA’s monthly report is due out in the week ahead. Expect the EIA and API inventory numbers to also influence.
The Loonie ended the week up by 0.16% to C$1.2756 against the U.S Dollar.