Current week review 03.07 – 07.07

On this week will be a lot of important information that will significantly affect to the movement of world currencies. In this regard, market participants will have many opportunities to make the most of the news and connect to new movements.
ISM Manufacturing PMI

Will open the week the output of the ISM index of business activity in the manufacturing sector in the US. It is expected the improvement of the index, which will support the US dollar, which has been very much weakened lately.
Decision of the Reserve Bank of Australia
On Tuesday, the Australian regulator will announce its decision on further monetary policy. Since the last meeting, the situation in the economy has shown improvement in the labor market, commodity prices have risen and imports to China have increased. But most likely the Reserve Bank of Australia will leave interest rates unchanged, and noting positive changes, but at the same time again expresses concern about the high exchange rate of the national currency.
The report about inflation in the UK
After Mark Carney changed his position to a tougher one, the report on inflation in the UK may contain hints of the possibility of a partial tightening of monetary policy by the Bank of England. In this regard, the British currency can strengthen its position in the short term.
ADP Report
Due to the weekend in the US, the employment report from ADP will be released on Thursday. The data that will be published will give an opportunity to assume the possible results of the future NFP report, and prepare for the Friday trading.
The labor market in the USA
The most important event of the week will be data of the labor market in the United States of America. Changes in wages, unemployment and the number of new jobs created outside the agricultural sector will determine whether the US dollar will return to growth or will continue to weaken, maybe even more than before.