There will be a much heavier news schedule this week compared to last week, with major input due from at least four major central banks. There will also be important economic data releases from almost all the major global economies. The week’s agenda is likely to be dominated by the FOMC Statement and Non-Farm Payrolls data, or possibly by the Bank of Japan’s Monetary Policy Statement. The busiest and most volatile day of this week will probably be Wednesday.
Tuesday is a public holiday in France and Italy. Thursday is a public holiday in Japan.
U.S. Dollar
It will be a huge week for the greenback, beginning on Tuesday with a release of ISM Manufacturing PMI data. On Wednesday, we will get the FOMC Statement and Federal Funds Rate, as well as the ADP Non-Farm Employment Change and Crude Oil Inventories numbers. Thursday will see releases of Unemployment Claims and ISM Non-Manufacturing PMI data. Finally, on Friday the data concerning the Non-Farm Employment Change, Unemployment Rate, and Average Hourly Earnings will be released.
Japanese Yen
It will be a very important week for the Yen, centered on Tuesday with the releases of the Bank of Japan’s Outlook Report, Policy Rate and Monetary Policy Statement. Thursday is a public holiday.
British Pound
It will be a very important week for the Pound, beginning on Tuesday with a release of Manufacturing PMI data. The following day, Wednesday, will see the release of Construction PMI data. Then the big day, Thursday, brings the Bank of England Inflation Report, the MPC Official Bank Rate Votes, Monetary Policy and Official Bank Rate, as well as Services PMI numbers.
Australian Dollar
It will be an important week for the Aussie, starting on Tuesday with the release of the Reserve Bank of Australia’s Rate Statement and Cash Rate. Wednesday will see Building Approvals numbers, followed on Thursday by Trade Balance data. Finally, on Friday we will get the RBA Monetary Policy Statement as well as Retail Sales numbers.
Chinese Yuan
It will be a reasonably important week for the Yuan, with nothing due except releases of PMI data on Tuesday.
Canadian Dollar
It will be a reasonably active week for the Loonie, starting on Tuesday with the release of GDP data as well as a minor speech by the Governor of the Bank of Canada. On Friday, the Employment Change and Unemployment Rate numbers will be released, and the Governor will also be making another minor speech.
New Zealand Dollar
It will be a reasonably active week for the Kiwi, starting on Tuesday with the release of GDT Price Index data. On Wednesday, the Employment Change and Unemployment Rate numbers will be released, as well as Inflation Expectations forecasts.