03rd July 2017 - 07th July 2017
A strong start to the week for the dollar can be expected with the release of ISM Manufacturing and Construction Spending reports. From Euro zone and USA we will see the release of Markit Manufacturing PMI data which captures business conditions in the manufacturing sector. From Euro zone, we will also see release of Unemployment Rate which is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the European Economy. A quiet day for US Dollar as US markets will be closed on the occasion of Independence Day. Early morning Australia will release Retails Sales report which is an indicator of the pace of the Australian economy. This will be followed by RBA Rate statement which is basically decisions regarding this interest rate. By mid-afternoon Euro zone will release Producer Price Index which is an index that measures the change in prices received by domestic producers of commodities in all stages of processing. This will be followed by PMI Construction from UK, which shows business conditions in the UK construction sector. Early morning from Euro Zone we will see Markit Services PMI which is an indicator of the economic situation in the Euro Zone services sector. This will be followed by the ECB Non-Monetary Policy Meeting. Then focus shifts to USA with the release of Factory Orders which is a measure of the total orders of durable and non-durable goods, inventories and orders at the manufacturing level which can offer insight into inflation and growth in the manufacturing sector. The day will end with the release of meeting minutes from the last weeks FOMC Meeting. A quiet start to the day with the release of Meeting report from the previous ECB Monetary Policy meeting. Then focus shifts to USA with the release of several mid-tier reports. First up will be ADP Employment Change which is a measure of the change in the number of employed people in the US. This will be followed by Continuing and Initial Jobless Claims which is related to the labor force in USA. The day will end with the all-important ISM Non-Manufacturing PMI report from USA which shows business conditions in the US non-manufacturing sector. The biggest day of the week for the dollar as all the major reports will be only from USA. First up will be the all-important Non-Farm Payrolls which presents the number of new jobs created during the previous month, in all non-agricultural business. This will be watched closely by markets for any clues of recovery from the losses dollar had last week. This will be followed by Average Weekly Hours which is an indicator of labor cost inflation and of the tightness of labor markets. The day will end with Unemployment Rate which is a percentage that surges from dividing the number of unemployed workers by the total civilian labor force.Monday
Tuesday
Wednesday
Thursday
Friday
