A light news week could increase the emphasis on the unexpected

by John Jagerson

A look at the week ahead...

Traders are still going to get plenty of inflation data this week but other than that things look pretty light. With the risk environment in the state that it is in, unexpected news, particularly from banks, will be much more important.

Much of the most important news is loaded towards the end of the week with interest rates for the CHF, consumer inflation and sentiment for the USD and trade data for the USD and CAD. This means we should keep our analysis open for now. A continuation of Friday's strengthening USD could be reversed at support levels if the news is bad for North America.

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