Weekly Economic & Political Timeline

(MENAFN – Daily Forex) By: DailyForex.com

This week will have a considerably heavier news agenda than last week. The agenda will be dominated by quite a lot of U.S. high-impact economic data centered on the end of this week, with the Non-Farm Payrolls data due Friday being key. Therefore, volatility this week should be considerably higher than it was last week, helped by the fact that the traditional summer holiday season of low volatility ends on Thursday.

The market will probably be most active on Friday, and Wednesday to a lesser extent.

Monday is a public holiday in the United Kingdom.

U.S. Dollar

It will be an important and busy week for the greenback, starting on Tuesday with a release of CB Consumer Confidence data. Wednesday will bring the ADP Non-Farm Employment Change forecast, Preliminary GDP and Crude Oil Inventories. On Thursday, we will get Unemployment Claims numbers. Finally, Friday will bring the Non-Farm Employment Change, the Unemployment Rate, Average Hourly Earnings, and ISM Manufacturing PMI.

Chinese Yuan

It will be a typical week for the Yuan, with Caixin Manufacturing PMI numbers due on Friday.

British Pound

It will be a very light week for the British Pound, with nothing due except Manufacturing PMI data on Friday. It is a public holiday on Monday.

Canadian Dollar

It will be a very light week for the Loonie, with nothing due except GDP data on Thursday.

Australian Dollar

It will be a very light week for the Aussie, with nothing due except Private Capital Expenditure data on Thursday.


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