Weekly Economic & Political Timeline

This week is likely to see either a little less or a similar level of market activity to last week, with central bank input due concerning the Australian and New Zealand Dollars.

The market is likely to be most active on Friday.

Monday is a public holiday in Australia and Canada.

U.S. Dollar

It will be a very quiet week for the Dollar, with nothing due except ISM Non-Manufacturing PMI data on Monday.

Australian Dollar

It will be an important week for the Aussie, starting on Tuesday with the RBA’s releases of its Rate Statement and Cash Rate following Monday’s public holiday. The Governor of the RBA will be testifying before Parliament on Friday, and later that same day we will get the RBA’s Monetary Policy Statement.

New Zealand Dollar

It will be an important week for the Kiwi, starting on Tuesday with releases of the Unemployment Rate and Employment Change data. On Wednesday we will get the RBNZ’s Official Cash Rate, Monetary Policy Statement, and Rate Statement, followed by the usual press conference.

British Pound

It will be an important week for the Pound, with everything scheduled for Friday: we will get releases of crucial GDP data and Manufacturing Production numbers.

Canadian Dollar

It will be a relatively quiet week for the Loonie, with nothing due except a release of Unemployment Rate and Employment Change data on Friday.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.