Here are some of the economic data that will be the focus of the market throughout the week.
European Inflation Data (Tuesday 6.00pm): The annual data readings of the European consumer price index are expected to be published with rising figures expected to support the recovery of the Euro currency.
Australian Gross Domestic Product Data (Wednesday 8.30am): What will put pressure on the Aussie dollar this week is pressure by expectations of a contraction on Australian economic growth for the third quarter.
US NFP ADP Employment Data Report (Wednesday 9.15pm): The forecast reading for the increase in US private sector jobs for November is slightly lower. Investors will evaluate as a preliminary indication before the issuance of the NFP employment report over the weekend.
US Manufacturing PMI Data ISM Review (Wednesday 11.00pm): No significant change is expected in the latest reading figures which will remain reassuring to investors for the development of the manufacturing sector in the United States.
Canadian Employment Data Report (Friday 9.30pm): The employment sector in Canada is expected to display a recovery with an increase in job growth for November as well as a decline in the expected unemployment rate.
US NFP Employment Data Report (Friday 9.30pm): Based on the forecast figures for the NFP employment report for November, there is not much difference in the published figures compared to October. The Federal Reserve (Fed) will assess the employment sector in an effort to continue policy tightening measures.
US Services PMI Data ISM Review (Friday 11.00pm): The US services sector will also be assessed by investors after previously published manufacturing sector data. Significant differences in the reading figures will affect the movement of the US dollar in the market.
