This week will see a heavier news agenda, with little central bank input expected, but crucial U.S. Non-Farm Payrolls data will be released and is likely to dominate the market.
The market will probably be most active from Wednesday to Friday.
Monday is a public holiday in the U.K., Germany, Switzerland, France, Australia, and New Zealand. Thursday and Friday are public holidays in China.
It will be an important and busy week for the greenback, starting on Monday with a release of ISM Manufacturing PMI data. On Wednesday we will get the ADP Non-Farm Employment Change forecast, ISM Non-Manufacturing PMI, and Crude Oil Inventories. Finally, Friday will see the release of the Non-Farm Employment Change, Average Hourly Earnings, and Unemployment Rate data.
It will be an important week for the Aussie, with the RBA’s Rate Statement and Cash Rate release coming on Tuesday. On Wednesday we will get Retail Sales data, followed on Thursday by Trade Balance numbers, so it will be a reasonably busy week.
It will be a fairly busy week for the Pound, starting on Tuesday with a release of Manufacturing PMI data. On Wednesday we will get Construction PMI followed on Thursday by Services PMI.
It will be a relatively quiet for the Loonie, starting on Thursday with a release of Trade Balance data. Friday brings the Employment Change / Unemployment Rate data.