Wall Street had a volatile session last week as investors digested a mixed back of earnings and economic data. In the Federal Reserve's monetary policyannouncement, thecentral bank indicated that it will continue purchasing $85 billion each month of long-termTreasuryandmortgage-backed securities, stating that economic activity has "paused in recent months." Confirming their sentiment,U.S. GDP came in unexpectedly at an anemic 0.1% decline. Jobless claims data also came in below expectations, though the Labor Department reported that employers added 157,000 jobs last month. This week, investors will once again see a slew of economic and earnings reports. Below, we outline three ETFs that should see a fair amount of activity during the week ahead :

1. CurrencyShares Australian Dollar Trust

Why FXA Will Be In Focus:Thisfund is by far the largest and most popular option for investors looking to gain exposure to the price of the Australian dollar relative to the U.S. dollar. Its focus will come in earlier in the week, as the Reserve Bank ofAustraliais slated to announce its bank rate decision on Monday. Analysts are expecting the central bank to keep the rate unchanged at 3.00%. Australia's trade balance will also be announced; estimates are at -0.81 billion compared to the previous recording of -2.64 billion .

2.CurrencyShares British Pound Sterling Trust

Why FXB Will Be In Focus: FXB measures the GBP/USD exchange rate and bundles it in the form of an ETF. It will be important to keep a close eye on FXB on Thursday as the Bank of England is slated to announce its rate decision and its asset purchase target.While the bank rate and target is expected to stay the same, any deviations from analysts' expectations could mean that FXB will be in for a volatile trading session.

3.CurrencyShares Euro Currency Trust

Why FXE Will Be In Focus:This ETF offers exposure to the euro relative to the U.S. dollar, increasing in value when the euro strengthens and declining when the dollar appreciates. Investors should keep a close eye on FXE this week as the European Central Bank's rate decision is reported on Thursday. The bank rate is expected to remain the same at 0.75%, but any surprising commentary at the ECB Press Conference may push FXE into a volatile trading day .

Disclosure: No positions at time of writing.

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Tickers in this Article: GBP/USD, FXA, FXB, FXE

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