This week will see a heavier news agenda compared to last week, with central bank input due from the U.S. Federal Reserve and the Reserve Bank of Australia, plus major economic data releases primarily concerning the U.S. and Canadian Dollars
The market will probably be most active on Thursday and Friday.
Wednesday will be a public holiday in the U.S.A. and Monday will be a public holiday in Canada.
It will be an important and very busy week for the greenback, starting on Monday with a release of ISM Manufacturing PMI data. On Thursday we will get the ADP Non-Farm Employment Change prediction, plus the FOMC Meeting Minutes, Crude Oil Inventories, and ISM Non-Manufacturing PMI data. Finally, Friday sees the important Non-Farm Employment Change, Average Hourly Earnings, and Unemployment Rate numbers.
It will be a relatively important week for the Aussie, starting on Tuesday with a release of the RBA Rate Statement. On Wednesday we will get Retail Sales and Trade Balance data.
It will be a moderately important week for the Pound, starting on Monday with a release of Manufacturing PMI data, followed on Tuesday by a release of Construction PMI data. On Wednesday we will get Services PMI. Finally, on Thursday the Governor of the Bank of England will be giving a minor speech.
It will be a moderately important week for the Loonie, all happening on Friday when we will get Employment Change, Trade Balance, and Unemployment Rate data.