The following are some of the important economic data that will be the focus of the market throughout the week.
Australian Central Bank Policy Meeting (Tuesday 11.30am): In the turmoil of a geopolitical crisis that has left market sentiment at risk and pushed the Australian dollar to depreciate, investors will also pay close attention to the Reserve Bank of Australia's (RBA) policy meeting results in interest rate and policy setting its monetary.
US Manufacturing PMI Data ISM Survey (Tuesday 11.00pm): Readings of survey data by ISM for the manufacturing sector for the world's largest economy are expected to increase and will support the movement of the US dollar in the market.
Central Bank of Canada Policy Meeting (Wednesday 11.00pm): Following the recent move by the central bank of England, the Bank of Canada (BOC) is expected to raise interest rates to 0.50% from the 0.25% level previously maintained. Rising interest rates are expected to boost the value of the Canadian dollar in the market.
US Services PMI Data ISM Survey (Thursday 11.00pm): The outlook for the services sector in the United States is also forecast to increase slightly indicating a good US development in early 2022.
US NFP Jobs Data Report (Friday 9.30pm): Being the focus of investors before closing trading this week, the NFP report will have a particular impact on the US dollar. Data readings are expected to be mixed with job growth in the US for February forecast to be slightly lower than the previous month while the unemployment rate is projected to decline.
