The upcoming week is going to be highly volatile amid release of some high profile economic releases. The most important among all the releases is the US consumer price index report which is considered a main gauge for inflation.
After major improvement in the US employment sector, the focus has now been shifted towards the inflation figure. A better than expected inflation report will increase chances for earlier than expected rate hike and vice versa.
Many analysts believe that the US may increase its benchmark interest rate for the first time since 2008 economic meltdown. You may also find out a lot of discussions on forex forums about crude oil forecasts with many seeing a slump as low as $20.