US CB Consumer Confidence, Canadian GDP data, US ISM Manufacturing PMI as well as important employment figures including the all-important monthly NFP report on Friday. These are the main market movers on our weekly outlook. US CB Consumer Confidence: Tuesday, 14:00. Economists expect consumer moral will reach 97.2 in August.US ADP Non-Farm Employment Change: Wednesday, 12:15. Estimates for the ADP report are for a 173.000 job gain ...
The US dollar had a positive week despite a lack of really convincing data. GDP from Canada and Australia, a buildup to the Non-Farm Payrolls, OPEC Meetings and the ECB decision stand out in a very busy week. Canadian GDP data: Tuesday, 12:30. March GDP is expected to remain flat.US CB Consumer Confidence: Tuesday, 14:00. Consumer confidence is expected to reach 96.1 in May.Australian GDP data: Wednesday, 1:30. Economists expect ...
Forex Weekly Outlook Feb 29-Mar 4 Rate decision in Australia, GDP data from Canada and Australia, Manufacturing PMI and Trade balance in the US as well as important employment data, including the monthly US jobs report. These are the highlights for this week. Australian rate decision: Tuesday 3:30. Economists still believe the RBA will cut rates in the coming months.Canadian GDP data: Tuesday, 13:30. Canadian GDP is ...
Next Week's February NFP by BofA Merrill "In the February employment report, we anticipate a pick-up in the pace of nonfarm payroll growth to 175,000, with government payrolls accounting for 5,000.""We look for the unemployment to hold steady at 4.9%. It will be interesting to see if the labor force participation rate continues to increase, following the uptrend over the prior four months. If so, this could reflect some discouraged ...
'We remain of the view that a solution can be found in order to give Greece access to funds to repay the IMF next Tuesday. The EUR, however, is unlikely to face any material upside in an environment of strongly capped ECB monetary policy expectations. If this is confirmed over the weekend, we suspect that USD could emerge as the biggest beneficiary and expect it to extend its gains against a broad range of G10 currencies. While a relief bounce in EUR cannot be excluded, we doubt that it will ...
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