Newsquawk Week in Focus: FOMC Minutes, US ISM Services PMI, RBNZ, OPEC+ and ECB Minutes
From the original
Mon: BoC Business Outlook Survey (Jul), German FactoryOrders (May), Swiss Unemployment Rate (Jun), EZ Construction PMI (Jun), RetailSales (May), PPI (May), US Composite/Services PMI Finals (Jun), ISM ServicesPMI (Jun) Tue: EIA STEO (Jul), Japanese Household Spending(May), German
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Newsquawk Week Ahead: US NFP, ISM Services PMI, RBA, Canadian jobs and OPEC+
Lead — The desk anticipates a volatile week for FX markets, driven by key economic indicators and central bank decisions, particularly in the US and Australia. Per the full note [source], the focus will be on the US Non-Farm Payrolls (NFP) and ISM Services PMI, alongside the RBA's expected rate hike. The consensus is leaning towards a 25bps increase from the RBA, which would mark a third consecutive hike, reflecting persistent inflationary pressures. With the US jobs report due Friday, traders should brace for potential market shifts based on employment data and central bank signals.
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