This week can be expected to be more significant than the previous week, with Central Bank input due concerning the Euro on Thursday, and crucial U.S. Non-Farm Payroll data due on Friday.
It looks as if the major activity and volatility is going to be centered on the latter half of this week. There will be an OPEC meeting on Thursday. It is a public holiday in both the U.K. and the U.S.A. on Monday so that day is likely to be very quiet.
It looks like being a very busy and important week for the Greenback after Monday’s public holiday. Tuesday will see the release of CB Consumer Confidence data. Later, on Wednesday, we will get ISM Manufacturing PMI. Thursday will see the release of Unemployment Claims, Crude Oil Inventories and the ADP Non-Farm Employment Change. Finally, Friday will see the release of Average Hourly Earnings, the Unemployment Rate, and Non-Farm Payroll data.
It will be an important week for the Euro, with Thursday seeing the release of the Minimum Bid Rate followed by the monthly ECB Press Conference. However apart from this item nothing else is due.
It will be a fairly busy week for the Aussie, with Building Approvals data due on Tuesday followed by GDP data on Wednesday. Retail Sales and Trade Balance data will be released on Thursday.
It will be a reasonably busy week for the Pound after Monday’s public holiday, beginning on Wednesday with the release of Manufacturing PMI data. Thursday will see Construction PMI and on Friday we will get services PMI.
Chinese Manufacturing PMI data is due on Wednesday.
It will be a fairly light week for the Loonie, with the release of GDP data on Tuesday, followed by Trade Balance data on Friday.
New Zealand Dollar
It will be a light week for the Kiwi, with nothing scheduled except GDT Price Index data due for release on Wednesday.