Weekly Economic & Political Timeline - 7/31/2016
There is a news schedule this week similar to last week, which includes input from central banks concerning the GBP and AUD, as well as key U.S. Non-Farm Payrolls data.
The key days this week are likely to be Tuesday (Australian data), Thursday (British data) and Friday Non-Farm Payrolls.
Monday is a public holiday in Canada, Switzerland and Australia.
U.S. Dollar
It will be an important and fairly busy week for the Greenback, beginning on Monday with a release of ISM Manufacturing PMI data. On Wednesday we will get the ADP Non-Farm Employment Change as well as ISM Non-Manufacturing PMI and Crude Oil Inventories numbers. Thursday will see a release of Unemployment Claims data. Finally on Friday we will get the crucial Non-Farm Employment Change, Unemployment Rate and Average Hourly Earnings data.
British Pound
It will be an important and very busy week for the Pound, starting on Monday with Manufacturing PMI data. Tuesday will see the release of Construction PMI data followed on Wednesday by Services PMI. The big day of the week comes on Thursday with the monthly Bank of England Monetary Policy Summary, Official Bank Rate, Inflation Report and Bank Rate Votes release. Afterwards there will be the usual press conference with the Governor of the Bank.
Australian Dollar
It will be an important week for the Aussie following Monday’s public holiday. Tuesday will see the release of the monthly RBA Rate Statement and Cash Rate, as well as Trade Balance and Building Approvals numbers. Releases continue on Thursday with Retail Sales data, concluding on Friday with the RBA Monetary Policy Statement.
Canadian Dollar
It will be a fairly moderate week for the Loonie, with nothing due after Monday’s public holiday except Employment Change, Trade Balance and Unemployment Rate data on Friday.
Chinese Yuan
It will be a very light week for the Yuan, with nothing due except Manufacturing PMI data on Monday.
New Zealand Dollar
It will be a fairly light week for the Kiwi, with Inflation Expectations and GDT Price Index data due on Tuesday.
Disclosure: None.
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