There will be a significantly heavier news schedule this week compared to last week, with major central bank input due only from the Reserve Bank of New Zealand, but there will also be many items of key U.S. economic data including key Non-Farm Payrolls numbers. U.S.A. This week’s agenda will almost certainly be dominated by that final item, due on Friday, which should also be the most active day for the market this week.
U.S. Dollar
It will be a very busy and important week for the greenback, centered mostly on Friday with the release of Non-Farm Employment Change, Average Hourly Earnings and Unemployment Rate data. The week really begins on Tuesday, with Preliminary GDP and CB Consumer Confidence data releases. Wednesday will see releases of the ADP Non-Farm Employment Change and Crude Oil Inventories. Thursday will bring Unemployment Claims and ISM Manufacturing PMI numbers.
New Zealand Dollar
It will be an important week for the Kiwi, starting on Tuesday with the release of the RBNZ Financial Stability Report. On Wednesday, the Governor of the RBNZ will be testifying about that report before Parliament.
Chinese Yuan
It will be an important week for the Yuan, with the release of Manufacturing PMI data due on Thursday.
British Pound
It will be a reasonably full week for the Pound, starting with the release of Bank Stress Test results on Wednesday, followed by Manufacturing PMI numbers on Thursday. At the end of the week on Friday we will get Construction PMI data.
Canadian Dollar
It will be a full week for the Loonie, beginning on Tuesday with a minor speech from the Governor of the Bank of Canada. Wednesday will see the release of GDP data, then finally on Friday we will get Employment Change and Unemployment Rate numbers.
Euro
It will be a light week for the Euro, beginning on Monday with the President of the European Central Bank testifying before the European Parliament about the Bank’s perspective on Brexit and general economic and monetary developments. Wednesday will see the President give a minor speech.
Australian Dollar
It will be a light week for the Aussie, starting on Thursday with the release of Private Capital Expenditure data, and continuing Friday with Retail Sales data.