It probably will not be as quiet this week as it was last week, but we still have a very thin data schedule with no central bank input. Therefore volatility is likely to be relatively low but will probably pick up quite a lot at the end of the week on Friday as we get U.S. Non-Farm Payroll data, as well as Chinese and British manufacturing numbers. Monday is a public holiday throughout most of Europe.
U.S. Dollar
It should be an important week for the Greenback, as there are several important items due. The week begins on Tuesday with a release of CB Consumer Confidence data, as well as a speech by the Chair of the Federal Reserve. Then on Wednesday there will be releases of the ADP Non-Farm Employment Change and Crude Oil Inventory data. Thursday will see the release of Unemployment Claims data. Finally on Friday we will get Average Hourly Earnings, Non-Farm Employment Change, and Unemployment Rate numbers.
British Pound
It looks like being a relatively quiet week for the Pound, with the week only really beginning on Thursday with Current Account data and a press conference by the Governor of the Bank of England. On Friday we will get manufacturing PMI data. Monday is a public holiday in the United Kingdom.
Chinese Yuan
It will be a relatively quiet week for the Chinese Yuan, with only a release of Manufacturing PMI data due on Friday.
Canadian Dollar
It will be a very quiet week for the Loonie. There is nothing scheduled except a GDP data release on Thursday.
