Weekly Fiscal & Political Outlook
The week in view is likely to be a busier one, as markets anticipate the #Non-Farm Payrolls that is billed for the greenback, long with the #Aussie dollar #central bank input, and a host of crucial event risks that are connected to major global economies. Our main news for the week would probably be the key economic dollar-related releases, coupled with other high-impact event risk covering the Aussie and Canadian Dollars. A lot of attention would be drawn towards the greenback following its surprisingly high GDP data that came across the wires on Friday.
The U.S. dollar is expected to have quite a busy week coming into the second half of the week. The ISM Manufacturing data is billed for Tuesday, which would be followed by the #ADP Non-Farm Employment Change along with the #Crude Oil Inventories. The release of the Unemployment Claims and Ism Non-Manufacturing PMI data are scheduled for Thursday. To crown things up, Friday will have the Non-Farm Employment Change data, Average Hourly Earnings numbers, Unemployment Rate and Trade Balance.
Starting on Tuesday, we expect a busy week for the Aussie dollar following release of the Reserve Bank of Australia monthly Rate statement along with the #Cash Rate. The Building Approvals numbers is due as well. The GDP data is scheduled for Wednesday, which would be closely followed on Thursday by the Trade Balance. The #Retail Sales data is billed for Friday.
It seems we’ll be having a fairly quiet week for the Pound, as we get ready on Tuesday for the release of Manufacturing PMI, Construction PMI on Wednesday and lastly, Services #PMI is scheduled for Thursday.
The week in view is going to be somewhat quiet, as we await GDP figures for Tuesday and lastly Friday’s Trade Balance.
#Manufacturing PMI data is scheduled for release on Tuesday.
Apart from the #GDP Price Index data on Tuesday, it is going to be a fairly quiet week devoid of high impact news releases.