There will be a much more significant news schedule this week compared to last week, due to the end of the Christmas and New Year holiday season affecting many global financial centers and major economies. There are two items of very high importance scheduled, which are almost certain to dominate the week’s agenda: the FOMC Meeting Minutes due on Wednesday and the Non-Farm Payrolls data due on Friday, both concerning the U.S. Dollar.
Monday is a public holiday in much of the world, including the U.S.A. and the U.K. while Tuesday is also public holiday in New Zealand and Japan.
The market is likely to be most active on Wednesday and Friday.
U.S. Dollar
It will be a very important week for the greenback, beginning on Tuesday with the release of ISM Manufacturing PMI data. On Wednesday, we will get the FOMC Meeting Minutes. Thursday will see the release of several items of data: the ADP Non-Farm Employment Change, Unemployment Claims, ISM Non-Manufacturing PMI and Crude Oil Inventories. Finally, on Friday we will get the Non-Farm Employment Change, Average Hourly Earnings, and the Unemployment Rate.
Monday is a public holiday.
Chinese Yuan
It will be an active week for the Yuan, focused on Tuesday with the release of Caixin Manufacturing PMI data.
Monday is a public holiday.
British Pound
It will be an active week for the Pound, beginning on Tuesday with the release of Manufacturing PMI data. On Wednesday, we will get Construction PMI numbers. Thursday will see the release of Services PMI data.
Monday is a public holiday.
Canadian Dollar
It will be a quiet week for the Loonie, with all the action concentrated on Friday with releases of Employment Change, Trade Balance, and Unemployment Rate data.
Monday is a public holiday.
New Zealand Dollar
It will be a very week for the Kiwi, with nothing due except GDT Price Index data on Wednesday.
Monday and Tuesday are public holidays.
