This week will see a lot of major central bank input, which is due from the U.S. Federal Reserve, the Bank of Japan, and the Bank of Canada. Additionally, U.S. Non-Farm Payrolls data are due at the end of the week. It will be a busy and probably volatile week in the market.
The market is likely to be most active on Wednesday.
It will be a very busy and important week for the greenback, starting on Tuesday with a release of CB Consumer Confidence data. Wednesday will bring the ADP Non-Farm Employment Change forecast, Advance GDP numbers, the FOMC Statement, Federal Funds Rate, and the FOMC press conference. On Thursday we will get Personal Spending data. Finally, on Friday, we will see the Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings, and ISM Manufacturing PMI data.
It will be an important week for the Yen, with everything happening on Thursday with releases of the Bank of Japan’s Outlook Report and Monetary Policy Statement, plus the usual press conference.
It will be an important week for the Loonie, starting on Wednesday with releases of the Bank of Canada’s Monetary Policy Report, Rate Statement, and Overnight Rate, followed by the usual press conference. Thursday brings GDP data.
It will be a relatively important week for the Yuan, starting on Thursday with a release of Manufacturing PMI data. On Friday, we will get Caixin Manufacturing PMI numbers.
The Aussie’s week starts on Tuesday, with a minor speech from the Governor of the RBA. on Wednesday, we will get CPI (inflation) data. Finally, Thursday will bring Building Approvals numbers.
New Zealand Dollar
It will be a very quiet week for the Kiwi, with nothing due except ANZ Business Confidence data due on Thursday.