This week can be expected to be less significant than the previous week, with Central Bank inputs due concerning only the Australian Dollar. There is also some very key U.S. economic data due in the form of Non-Farm Payrolls, and there is a lot of additional Australian economic data due throughout the week.
It looks as if the major activity and volatility are going to be centered on Tuesday and Friday.
U.S. Dollar
It should be a fairly important week for the Greenback, with the highlight coming on Friday’s releases of the Non-Farm Employment Change, Unemployment Rate and Average Hourly Earnings. Earlier, on Monday, we will get ISM Manufacturing PMI numbers. On Wednesday the crucial cycle begins with the ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI and Crude Oil Inventories data. This is followed on Thursday by Unemployment Claims.
Australian Dollar
It will be an important week for the Aussie, beginning with Tuesday’s release of the RBA Rate Statement and Cash Rate, as well as the Annual Budget Release and Building Approvals data. Thursday will see releases of Retail Sales and Trade Balance data, followed on Friday by the RBA Monetary Policy Statement.
Canadian Dollar
It will be a fairly significant week for the Loonie. The week begins on Tuesday with a speech by the Governor of the Bank of Canada. Then on Wednesday, there will be a release of Trade Balance data. Finally, on Friday, there will be releases of Unemployment Rate and Employment Change data.
British Pound
It will be a moderate week of British data following Monday’s public holiday. On Tuesday there will be a release of Manufacturing PMI data. Wednesday will see Construction PMI numbers followed on Thursday by Services PMI data.
New Zealand Dollar
It will be a moderate week of data for the Kiwi, starting on Tuesday, with the release of the GDT Price Index data. Finally, on Wednesday, we will get Employment Change and Unemployment Rate numbers.
Chinese Yuan
It will be a light week for the Chinese Yuan, with nothing due except the Caixin Manufacturing Index on Tuesday.
Euro
It will be a very light week for the Euro, with nothing going on except for the President of the ECB’s speech on Monday. It will be a public holiday in France and Germany on Thursday
Swiss Franc
It will be a very light week for the Swiss Franc, with nothing going on except for the Chairman of the SNB’s speech on Monday. It will be a public holiday on Thursday.