This week’s data is sure to cause a stir as we expect major figures from all players, culminating in the well anticipated Non –Farm Employment changes (NFP) on Friday. These events are expected to lead to significant volatility and trading opportunities. Better than expected data usually results in the host currency appreciating in value against its counterparts and vice versa for worse than expected data:

This week’s heavy weight data is as follows:

MONDAY:

CHINA

  • CAIXIN Manufacturing PMI previously at 49.7
 

EUR

  • German Manufacturing PMI expected at 51.9, previously at 51.9
  • EU Manufacturing PMI expected at 51.5, previously at 51.5
 

USD

  • ISM Manufacturing PMI expected at 51.5, previously at 51.8
  • Manufacturing PMI previously at 50.8
  • ISM Manufacturing Employment previously at 48.1
 

TUESDAY:

AUD

  • Building Approvals previously at 3.1%
  • Interest Rate Decision expected unchanged at 2%
  • RBA Rate Statement
 

GBP

  • Manufacturing PMI previously at 51
 

WEDNSDAY:

NZD

  • Employment Change q/q previously 0.9%
  • Unemployment Rate previously 5.3%
 

GBP

  • Construction PMI previously 54.2
 

CAD

  • Trade Balance previously -1.91B
 

USD

  • Prelim Non-Farm productivity q/q expected at -1.5%, previously at -2.2%
  • ADP Non-Farm Employment Change expected at 194k, previously at 200
  • ISM Non-Manufacturing PMI expected at 54.5, previously at 54.5
  • Factory Orders expected at 0.8%, previously at -1.7%
  • Crude Oil Inventories previously at 2M
 

THURSDAY:

AUD

  • Retail Sales m/m
  • Trade Balance previously at -3.41B
 

CHINA

  • CAIXIN Service PMI previously at 52.2
 

GBP

  • Halifax HPI m/m
  • Services PMI previously 53.7
 

USD

  • Unemployment Claims
 

FRIDAY:

AUD

  • RBA Monetary Policy Statement
 

CAD

  • Employment Change previously 40.6K
  • Unemployment Rate previously at 7.1%
  • Ivey PMI previously at 50.1
 

USD

  • Average Hourly Earnings m/m expected at 0.3% , previously at 0.3%
  • Unemployment Rate expected at 5%, previously at 5%
  • NON-FARM EMPLOYMENT CHANGE expected at 203K, previously at 215k