The week ahead looks like it is going to be a very crucial and pivotal week, as we will get a lot of key U.S. data that is likely to determine whether or not the Federal Reserve will raise rates later in the month of September. This will be the first week back after the summer meaning the end of holidays and the highly probable return of plenty of liquidity. The start of September is often a crucial time for the market.
There will also be several important news items concerning the Australian Dollar and the Euro, with Central Bank statements due regarding both currencies. Additionally, there will be quite a lot of important Canadian data too.
U.S. Dollar
This will be a crucial and busy week for the greenback beginning on Tuesday with a release of ISM Manufacturing PMI data. This is followed by the usual build up to NFP data, with the ADP Non-Farm Employment Change coming out on Wednesday. On Thursday we will get three rounds of crucial data: Trade Balance, Unemployment Claims, and ISM Non-Manufacturing PMI numbers. Finally on Friday the crucial Non-Farm Payrolls data will be released, along with the Unemployment Rate and Average Hourly Earnings data. Earlier that day, FOMC Member Lacker will be speaking at a minor event.
Euro
It will be an important week for the Euro, but nothing is scheduled except for Thursday when the monthly Minimum Bid Rate announcement will be made by the ECB, followed by the usual Press Conference.
Australian Dollar
It will be an important week for the Aussie beginning on Tuesday with the monthly release by the Reserve Bank of Australia of their Rate Statement and Cash Rate, preceded a little earlier by Building Approvals data. On Wednesday we will get quarterly GDP data. Thursday will see Retail Sales and Trade Balance numbers.
Canadian Dollar
There is a fair amount of Canadian data due this week affecting the Loonie, beginning on Tuesday with GDP data. Thursday will see the release of Trade Balance data. Finally the big day arrives on Friday with Employment Change, Unemployment Rate, and Ivey PMI data all due for release.
New Zealand Dollar
A fairly quiet week for the Kiwi, with ANZ Business Confidence data due on Monday, followed by GDT Price Index numbers on Tuesday.
British Pound
Also a relatively quiet week looks likely for the Pound, commencing with Manufacturing PMI data on Tuesday, Construction PMI data on Wednesday, and Services PMI on Thursday.