This week will see more activity than last week, with quite a lot of important data due at the end of the week as the holiday period for much of the world’s major markets ends. The emphasis will be on important USD data including the non-farm payrolls, with some key data also due concerning the Canadian Dollar.
The market is likely to be most active on Friday.
Monday is a public holiday in Japan, Germany, Australia and New Zealand.
Tuesday is a public holiday almost everywhere.
Wednesday is a public holiday in Switzerland and Japan.
Thursday is a public holiday in Japan.
U.S. Dollar
It will be an important week for the U.S. Dollar starting on Thursday with the release of ISM Manufacturing PMI data. On Friday, we will get the Non-Farm Employment Change, Unemployment Rate, and Average Hourly earnings data, followed by a minor speech from the Chair of the Federal Reserve.
Canadian Dollar
It will be a quiet week for the Canadian Dollar with nothing important due except Employment Change and Unemployment Rate data on Friday.