Of course, it is important to mention that August 2 (Tuesday) will be the deadline for Congress to raise the debt ceiling in U.S., this is the focus of the early week and it has a very profound effect to the Forex market, therefore I’d suggest that everyone pay close attention to it.
Here’s the list of news for the week:
Monday August 1, 2011 – 4:30am EDT – UK Manufacturing PMI
Monday August 1, 2011 – 10:0am EDT – US ISM Manufacturing PMI
Tuesday August 2, 2011 – 12:30am EDT – AU RBA Interest Rate
Tuesday August 2, 2011 – 9:30pm EDT – AU Retail Sales
Wednesday August 3, 2011 – 4:30am EDT – UK Services PMI
Wednesday August 3, 2011 – 8:15am EDT – US ADP NFP
Wednesday August 3, 2011 – 10:00am EDT – US ISM Non-Manufacturing PMI
Wednesday August 3, 2011 – 6:45pm EDT – NZ Employment Change
Thursday August 4, 2011 – 7:00am EDT – UK BOE Interest Rate
Thursday August 4, 2011 – 7:45am EDT – EU ECB Interest Rate
Thursday August 4, 2011 – 8:30am EDT – EU ECB Press Conference
Friday August 5, 2011 – 7:00am EDT – CA Employment Change
Friday August 5, 2011 – 8:30am EDT – US NFP Employment Change
…once again, I’d warn everyone to follow strict rule this week, as market will change on a dime without warning.
Also we should stay away from any pre-news trading UNLESS I recommend it…