There will be a much heavier and more serious news schedule this week compared to last week, with central bank inputs due from Australia and key Non-Farm Payrolls data due from the U.S. The week’s news will probably be dominated by U.S. economic data releases.
The key days this week with the busiest schedules are Friday and Wednesday. The most volatile period of this week will probably arrive at the end.
The entire week is a public holiday in China. Australia and Germany also have a holiday on Monday.
U.S. Dollar
The greenback’s week begins on Monday with a release of ISM Manufacturing PMI data, followed on Wednesday by the ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, and Crude Oil Inventories data. On Thursday we will get Unemployment Claims numbers, then finally on Friday, the major release of the week: Non-Farm Employment Change, Average Hourly Earnings and the Unemployment Rate.
Australian Dollar
It will be an important week for the Aussie after Monday’s public holiday, starting on Tuesday with the release of the RBA Rate Statement and Cash Rate, as well as Building Approvals data. Wednesday will see the release of Retail Sales data, followed on Thursday by Trade Balance numbers.
British Pound
It will be a busy week for the Pound starting on Monday with a release of Manufacturing PMI data. On Tuesday we will get Construction PMI numbers, followed on Wednesday by Services PMI data. Finally, Friday will bring Manufacturing Production numbers.
Canadian Dollar
It will be a reasonably busy week for the Loonie, starting with Trade Balance data on Wednesday. Friday will see the release of Unemployment Rate and Employment Change numbers.
New Zealand Dollar
It will be a light week for the Kiwi, with Tuesday seeing a release of GDT Price Index data as well as a minor speech by the Governor of the RBNZ.