There will be a significantly heavier news schedule this week, compared to last week which was quite light. There is central bank input expected this week from the Federal Reserve, the Bank of Japan, and the Bank of England. After a slow start, the week is likely to be dominated by two items of economic data from the U.S.A. due on Wednesday (the FOMC Statement and Federal Funds Rate) and Friday (Non-Farm Payrolls data).
Monday to Thursday are public holidays in China.
The market is likely to be most active from Wednesday through to Friday.
U.S. Dollar
It will be a crucial and busy week for the greenback after a slow start, beginning on Tuesday, with the release of CB Consumer Confidence data. Wednesday will be a very busy day, with data concerning the ADP Non-Farm Employment Change, ISM Manufacturing PMI, Crude Oil Inventories, and finally the FOMC Statement and Federal Funds Rate. Thursday will see the release of Unemployment Claims numbers. Finally, on Friday we will have Average Hourly Earnings, Non-Farm Employment Change, Unemployment Rate and ISM Non-Manufacturing PMI data.
Japanese Yen
It will be an important week for the Yen, focused on Tuesday with the Bank of Japan releasing its Monetary Policy Statement, Outlook Report and Policy Rate, followed by the usual Press Conference.
British Pound
It will be an important week for the Pound, starting on Wednesday with the release of Manufacturing PMI data, but focused mainly on Thursday’s releases of the Bank of England Inflation Report, the MPC Official Bank Rate Votes, Monetary Policy Summary and the Official Bank Rate, all followed later by the usual Press Conference from the Governor of the Bank. Friday will see a release of Services PMI numbers.
Chinese Yuan
Wednesday will see a release of Manufacturing PMI data. Friday will see a release of Caixin Manufacturing PMI data.
Euro
It will be a light week for the Euro, with nothing due except speeches from the President of the ECB on Tuesday and Thursday.
Canadian Dollar
It will be a normal week for the Loonie, starting with Tuesday’s release of GDP data, followed by a speech from the Governor of the Bank of Canada on Wednesday.
New Zealand Dollar
It will be a quiet week for the Kiwi, with all the action centered on Tuesday’s releases of Employment Change and Unemployment Rate data.