Week Ahead (jan 01-05)
Last week was the holiday week, as last Monday was holiday on Christmas party and then the party continued thru out the week as the volume dried up and the data were went insignificant, even though we have a good economic data from USA and all came better than expected. So last week and the 2006's last week finally over and now lets step into the first week of 2007 and here we're having a great amount of economic data coming out from G8.
Well Monday will be holiday on New Years day and very next day we having Manufacturing PMI data from German and as well from UK both the reports are expected to come softer and the softer data will not do any great thing on its currency. On Wednesday we having a very busy day of the week as Germans are going to release its Retail Sales numbers which is expected to come at 0.4% from the last months negative reading of -0.5%. Then SVME Purchasing Managers Index data will get out from Swiss. And finally the datas from USA the first of the days is ADP Employment Change which is the key outcome data for Fridays NFP numbers better reading more good to NFP, and then data of the day is ISM Manufacturing Index which is expected to come at 51 (which is above the boom/bust level 50) from the last months 49.5 reading which is the contracting level. And we're having a FOMC Minutes of Meeting. And the another set of very tradeable and watchable data is coming out from New Zealand is Trade Balance which is expected to come better than last months reading. On thursday we're having a inflation data from Swiss and Euroland, from both the economies inflation data is expected to come at unchanged data from their previous month readings. And then we're having a Service PMI from UK and Industrial Product Price Index from Canada which is the smaller part of inflation piece. And the key data for the day is ISM Non-Manufacturing Index is coming out from USA and is expected to come out at 58 from last months 58.9. Last days of the week is purely laid for the USA and Canada and on this day we're having a labor market data from both of this country, Canada is releasing its Employment and Unemployment Rate, Unemployment Rate will remain at unchanged at 6.3%. And USA's Uneployment Rate is also expected to remain at unchanged 4.5%. And the most and much awaited data of the week is Non Farm Payroll is coming out from USA by far most the very important data from US currency and then IVEY PMI is setting out from Canada which is expected to come at 50.5 from the level of 52.8 and the last piece of thing to watch is Feds Bernanke speaks.
So here i'll be keenly watching and i just love to trade on the data is
USD - ISM Manufacturing Index
NZD - Trade Balance
USD - ISM Non-Manufacturing Index
CAD - Employment Change
USD - Non Farm Payrolls
Well Monday will be holiday on New Years day and very next day we having Manufacturing PMI data from German and as well from UK both the reports are expected to come softer and the softer data will not do any great thing on its currency. On Wednesday we having a very busy day of the week as Germans are going to release its Retail Sales numbers which is expected to come at 0.4% from the last months negative reading of -0.5%. Then SVME Purchasing Managers Index data will get out from Swiss. And finally the datas from USA the first of the days is ADP Employment Change which is the key outcome data for Fridays NFP numbers better reading more good to NFP, and then data of the day is ISM Manufacturing Index which is expected to come at 51 (which is above the boom/bust level 50) from the last months 49.5 reading which is the contracting level. And we're having a FOMC Minutes of Meeting. And the another set of very tradeable and watchable data is coming out from New Zealand is Trade Balance which is expected to come better than last months reading. On thursday we're having a inflation data from Swiss and Euroland, from both the economies inflation data is expected to come at unchanged data from their previous month readings. And then we're having a Service PMI from UK and Industrial Product Price Index from Canada which is the smaller part of inflation piece. And the key data for the day is ISM Non-Manufacturing Index is coming out from USA and is expected to come out at 58 from last months 58.9. Last days of the week is purely laid for the USA and Canada and on this day we're having a labor market data from both of this country, Canada is releasing its Employment and Unemployment Rate, Unemployment Rate will remain at unchanged at 6.3%. And USA's Uneployment Rate is also expected to remain at unchanged 4.5%. And the most and much awaited data of the week is Non Farm Payroll is coming out from USA by far most the very important data from US currency and then IVEY PMI is setting out from Canada which is expected to come at 50.5 from the level of 52.8 and the last piece of thing to watch is Feds Bernanke speaks.
So here i'll be keenly watching and i just love to trade on the data is
USD - ISM Manufacturing Index
NZD - Trade Balance
USD - ISM Non-Manufacturing Index
CAD - Employment Change
USD - Non Farm Payrolls
posted by Naveen Pantera at 7:03 PM
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