The Upcoming Week: Focus on Monetary Policy as the BoJ, the Fed, and the BoE Take Action

Highlights

• "The Bank of Japan, the Fed, and the Bank of England will announce monetary policy choices in the upcoming week."

• "Employment data in the United States and PMI data for the service industry could impact the Federal Reserve's interest rate trajectory."

• "It's also important to take into account the private sector PMI data from China."

Events Impacting the US Dollar: This week, attention will be on employment costs, consumer confidence, housing sector data, and the impact of the Federal Reserve's interest rate decision and statements. Nonfarm productivity, labor costs, and the US Jobs Report will be key factors influencing the dollar's performance.

Events Impacting the Euro (EUR): The EUR/USD may be affected by German inflation, GDP, retail sales, and Eurozone data, in addition to speeches by ECB officials.

Events Impacting the British Pound (GBP): The Bank of England's policy decision and related commentary will be crucial for the Pound, along with UK economic indicators, house prices, and Manufacturing PMIs.

Events Impacting the Canadian Dollar (CAD): The Loonie's performance will be influenced by Canadian GDP and employment figures, as well as speeches by Bank of Canada officials.

Events Impacting the Australian Dollar (AUD): The Aussie dollar may be impacted by retail sales, trade data, and Chinese private sector PMIs.

Events Impacting the New Zealand Dollar (NZD): Market sentiment and the RBNZ's Financial Stability Report will influence the Kiwi dollar, along with Chinese PMI numbers.

Events Impacting the Japanese Yen (JPY): The BoJ's interest rate decision, inflation forecasts, and private sector PMIs in China will be key factors impacting the Japanese Yen this week.