The Week Ahead – Private Sector PMI, U.S. Non-Farm Payrolls, and Central Banks at a Glance

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On the macro

It’s a busy week on the economic calendar, with 63 stats at the center of the week ending on the 7the January. During the previous week, only 15 statistics had been finalized.

For the dollar:

The manufacturing and non-manufacturing ISMs, nonfarm ADPs and jobless claims will be the center of attention from Tuesday to Thursday. There will be a lot of interest in the numbers after the holidays.

At the end of the week, however, non-farm payrolls will be the key statistic of the week. Expect a marked increase in hiring to pull the dollar.

On the monetary policy front, the minutes of Wednesday’s FOMC meeting will also influence.

In the week ending 31st In December, the Dollar Spot Index fell 0.36% to 95.670.

For the euro:

At the start of the week, Italian and Spanish manufacturing PMIs and finalized PMIs for France, Germany and the euro zone will be in the spotlight. Barring revisions to the preliminaries, expect Italy and Eurozone PMIs to be key.

German retail sales and unemployment figures are expected on Tuesday ahead of services PMIs on Wednesday.

During the rest of the week, the focus returns to the German economy. German factory orders, preliminary inflation, industrial production and trade data are expected.

Expect a lot of interest in factory orders and industrial production numbers.

During the week, member states and eurozone inflation figures for December are also expected. With inflation still a hot topic, expect the numbers to influence.

On the week, the euro rose 0.45% to $ 1.1370.

For the pound:

It’s a relatively quiet week ahead on the economic calendar.

The finalized private sector PMIs for December are expected along with the UK construction PMI. Expect any review of the services PMI to be key.

The pound rose 1.09% to end the week at $ 1.3532.

For the loonie:

It is also a particularly busy week on the economic calendar.

At the start of the week, the RMPI numbers for November will be the center of attention. Expect plenty of influence ahead of Thursday’s trade data.

At the end of the week, the figures for the development of employment in December will however be decisive.

Other stats include housing industry data and the December Ivey PMI. We don’t expect the numbers to influence.

The loonie ended the week up 1.39% to C $ 1.2637 against the US dollar.

Outside of Asia

For the Australian dollar:

There are no important statistics from Australia to give direction to the Australian dollar.

While there are no significant stats, the RBA is in action on Tuesday. The RBA’s rate statement will be critical, with markets looking for any change in outlook on interest rates.

The Australian dollar rose 0.58% to $ 0.7263.

For the Kiwi-Dollar:

There are also no hard statistics to give direction to the Kiwi dollar.

The Kiwi dollar ended the week up 0.12% to $ 0.6826.

For the Japanese yen:

The finalized private sector PMIs will be key statistics ahead of household spending and inflation figures on Friday.

The Japanese yen fell 0.61% to ¥ 115,080 against the US dollar.

Outside of china

The private PMI figures will be the key statistics for the week. The Caixin Manufacturing PMI, the market’s preferred manufacturing PMI, due on Tuesday, will be the key statistic of the week. Expect some interest in the services PMI, however, due out on Thursday.

The Chinese yuan ended the week up 0.18% to CNY 6.3561 against the US dollar.

This article originally appeared on FX Empire

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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