Research Team at Danske Bank, suggests that there are no real market movers today and the only release of interest is euro area industrial production where we look for a healthy monthly increase in line with the German number last week. Key Quotes “This may be due to volatility more than real strength, as business surveys have weakened lately. This week focus continues to be on the central banks - not least the Fed meeting on Wednesday. No rate changes are expected but the communication from the Fed including new dots will be scrutinised for clues on the next Fed hike. Our call for the next hike is September but given the improvement in market sentiment and increase in core inflation, the probability of an earlier hike has increased. Bank of England (BoE), Bank of Japan (BoJ) and Norges Bank are also meeting this week. We do not expect any change from BoE or BoJ but look for a rate cut of 25bp at the Norges Bank meeting. On the data front focus will be on US retail sales Tuesday and US inflation Wednesday. In Scandi Sweden releases inflation data Tuesday and Prospera inflation expectations Wednesday, whereas Norway publishes unemployment Friday.” For more information, read our latest forex news.