There will be a heavier news schedule this week, compared to last week which was quite light. There is central bank input expected this week from the European Central Bank and the Reserve Bank of Australia, as well as Non-Farm Payrolls data from the U.S.A., which suggests this week is going to see quite a lot of market movement and activity. This Non-Farm Payrolls data is likely to dominate the market this week.
The market is likely to be most active on Thursday and Friday.
U.S. Dollar
It will be an important week for the greenback, beginning on Wednesday with the release of the ADP Non-Farm Employment Change numbers and Crude Oil Inventories data. On Thursday, we will see a release of Unemployment Claims data. Finally, on Friday, there will be a release of the Non-Farm Employment Change, Unemployment Rate, and Average Hourly Earnings.
Euro
It will be a light but important week for the Euro, with nothing due except Thursday’s release of the Minimum Bid Rate followed by the usual ECB Press Conference.
Chinese Yuan
It will be an important week for the Yuan, with Wednesday seeing a release of Trade Balance data, followed on Thursday by CPI numbers.
Canadian Dollar
It will be a reasonably full week for the Loonie, starting on Tuesday with a release of Trade Balance data. Friday will bring Employment Change and Unemployment Rate numbers.
British Pound
It will be an important week for the Pound, starting on Wednesday with the Annual Budget release. On Friday, we will get Manufacturing Production numbers.
Australian Dollar
It will be an important week for the Aussie, starting on Monday with a release of Retail Sales data. Tuesday will bring the monthly RBA Rate Statement and Cash Rate.
New Zealand Dollar
It will be a very light week for the Kiwi, with nothing due except GDP Price Index data on Tuesday.