A slow week is coming up for the forex market. After the conclusion of the all-important FOMC meeting on Thursday, we will back to the usual snooze-fest.

On Sunday we have Greek elections but this should have no material impact on the Euro. As this year has demonstrated, no matter which party gets elected, they will eventually tow the EU line.

Monday and Tuesday there is literally nothing to trade on. The pairs should still be reeling from the volatility caused by the FOMC meeting.

On Wednesday at 3:45 AM CET we have the Chinese Flash Manufacturing PMI by Caixin. After the Fed's proclamation this week that they are closely following events overseas, data from China will be under increased scrutiny. Any major misses will lead to a resumption in the risk-off sentiment and likely a Dollar sell-off as well.

Later in the day at 9 AM CET we have the French and 30 mins later the German Manufacturing PMI. In the atternoon at 15:00 CET the President of the ECB will speak before the European Parliament's Economic and Monetary Committee.

Finally on Friday at 14:30 CET we have the Final estimate for the second quarter US GDP. This is usual a non-event because the final version has the lowest impact of the 3 GDP estimates, before it come two estimates, the Advance and Preliminary.

Good luck next week!
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