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Regardless of strong volatility on financial markets for last 2 days, actually Wednesday, is a first active day on FX this week.
In early London session we have a bunch of Industrial/Manufacturing production data across the Europe. Most notable is UK Manufacturing production data, which may add pressure to pound if came out below consensus.
But all eyes to first half of NY session where we have much more important event - Fed Chair Jannet Yellen monetary policy testimony before Joint Economic Committee, in Washington DC. Expected dovish statement, which could induce volatility on the USD.
Almost the same time Crude Oil Inventories numbers will be published. Taking into account oil oversupply, this data could have notable impact on WTI and Brent features prices, and commodity-linked currencies like CAD and AUD.
In early London session we have a bunch of Industrial/Manufacturing production data across the Europe. Most notable is UK Manufacturing production data, which may add pressure to pound if came out below consensus.
But all eyes to first half of NY session where we have much more important event - Fed Chair Jannet Yellen monetary policy testimony before Joint Economic Committee, in Washington DC. Expected dovish statement, which could induce volatility on the USD.
Almost the same time Crude Oil Inventories numbers will be published. Taking into account oil oversupply, this data could have notable impact on WTI and Brent features prices, and commodity-linked currencies like CAD and AUD.