Forex Trading - Federal Reserve, Canadian CPI to Fuel Volatility This Week

Talking Points:
•Federal Reserve expected to taper asset purchases by $10B on Wednesday
•Swiss National Bank forward guidance is key for CHF pairs in light of any ECB action
•Reserve Bank of New Zealand hikes rates, but data moving forward is key

After last week’s limited U.S./European data sessions, attention and volatility will most likely shift back from Asia. Kicking off this week we have seen the Yen lose some gains from the last few sessions and we’ve already gotten European CPI data that came in a tenth of a percent below expectations. The MoM print came in at 0.3% vs. 0.4% and -1.1% prior while the final figure for February stands at 0.7%.