There are again relatively high-impact news items scheduled this week, compared to last week. However, very important data and central bank input are due from the United States in the form of Non-Farm Payrolls, which is quite likely to provide some significant market volatility, as well as from the Reserve Bank of New Zealand.

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

Monday is a public holiday in The United States, the U.K. and China, with the Chinese holiday continuing through Tuesday. Friday is a public holiday in Italy.

U.S. Dollar

It will be an important week for the greenback after Monday’s public holiday, beginning on Tuesday with a release of CB Consumer Confidence data. Thursday sees the release of Unemployment Claims, the ADP Non-Farm Employment Change, ISM Manufacturing PMI and Crude Oil Inventories data. On Friday, we will get the real Non-Farm Employment Change, Unemployment Rate and Average Hourly Earnings.

British Pound

It will be a significant week for the Pound, starting on Thursday with a release of Manufacturing PMI data. Friday brings a release of Construction PMI data.

Canadian Dollar

It will be a significant week for the Loonie, starting on Wednesday with a release of GDP data. Friday brings a release of Trade Balance data.

Australian Dollar

It will be a quiet week for the Aussie, with nothing due except Private Capital Expenditure and Retail Sales data due on Thursday.

Euro

It will be a quiet week for the Euro, with nothing due except the President of the ECB testifying before a committee of the European Parliament on Monday.

New Zealand Dollar

It will be a quiet week for the Kiwi, with nothing due except the release of the RBNZ Financial Stability Report on Wednesday.