This week will see a very heavy news agenda, with major central bank input from several major economies, and very important Non-Farm Payrolls numbers due from the U.S.A.
The market will probably be most active on Thursday and Friday.
It will be a very busy week for the greenback, starting on Monday with a release of ISM Non-Manufacturing PMI data. On Wednesday we will get the ADP Non-Farm Employment Change, followed later by Crude Oil Inventories numbers. Finally, Friday will bring the important Non-Farm Employment Change, Unemployment Rate, and Average Hourly Earnings data.
It will be an important week for the Euro, as Thursday will see the release of the Minimum Bid Rate, followed by the usual European Central Bank press conference.
It will be an important week for the Yen, as Friday will see the release of the Bank of Japan Policy Rate and Monetary Policy Statement, followed by the usual Bank of Japan press conference.
It will be an important week for the Loonie, starting on Wednesday with Trade Balance data, followed by the Bank of Canada’s Rate Statement and Overnight Rate. Friday will see the release of Employment Change and Unemployment Rate numbers.
It will be an important week for the Aussie, starting on Tuesday with a release of the Reserve Bank of Australia’s Rate Statement and Cash Rate, as well as Current Account and Retail Sales numbers. Wednesday will see the release of GDP data, followed by Trade Balance data on Thursday.
It will be a relatively average week for the Pound, starting on Monday with a release of Services PMI data. On Tuesday, MPC Member Haldane will be speaking. Finally, on Friday there will be a release of Manufacturing Production data.