This week is likely to see more market activity than last week, with important central bank input due concerning the Euro and the Australian Dollar. There will also be a release of important U.S. non-farm payrolls data. The U.S. / China trade dispute is likely to continue to dominate the market’s focus.
The market is likely to be most active on Thursday and Friday.
Monday will be a public holiday in New Zealand while Friday will be a public holiday in China.
U.S. Dollar
It will be a busy and important week for the Dollar, starting on Monday with a release of ISM Manufacturing PMI data. On Tuesday the Chair of the Federal Reserve will be giving a minor speech. On Wednesday we will get a release ISM Non-Manufacturing PMI data. Finally, Friday will bring releases of the Non-Farm Employment Change, the Unemployment Rate, and Average Hourly Earnings.
Euro
It will be an important week for the Euro, with everything happening on Thursday when the ECB release their rate statement, followed by the usual press conference.
Australian Dollar
It will be an important week for the Aussie, starting on Tuesday with releases of Retail Sales data, the RBA Rate Statement, and the RBA Cash Rate. The Governor of the RBA will be speaking later that day. On Wednesday there will be a release of Australian GDP numbers.
Chinese Yuan
It will be a quiet week for the Yuan, with the only item of the week due on Monday when we will get Caixin Manufacturing PMI data.
Canadian Dollar
It will be a normal week for the Loonie, starting on Thursday when we will get Trade Balance data. On Friday there will be releases of Unemployment Rate and Employment Change numbers.
Japanese Yen
It will be a very quiet week for the Yen, with nothing due except a minor speech from the Governor of the Bank of Japan on Thursday.
British Pound
It will be a very quiet week for the Pound, with nothing due except a minor speech from the Governor of the Bank of England on Thursday.