Last week was closed out with investor confidence as US indices all closed positive with the Dow, S&P and Nasdaq rallied to close out the week on a positive note. Dax closed out the week on a new all time high before profit taking took over this morning’s Asian session.

The commodity markets are still range bound with Gold failing to break its range, with Non Farm data pending this week we might see some direction to the close of the week. Brent similarly directionless pending OPEC meetings this week, despite the fact that Oil tankers are piling up in the Suez Canal.

There was some JPY strength that came into the market in the Asian session this morning as JPY strengthened, there is still a lot of CHF strength in the market as it continues to strengthen against the major currencies similar to the AUD prior to the European open.

Monday (SAST)
10.30am - M4 Money Supply m/m (GBP)
5:00pm- FOMC Member Waller Speaks (USD)

Tuesday (SAST)
1:30am - Unemployment Rate (JPY)
4:00pm - CB Consumer Confidence (USD)

Wednesday (SAST)
2:00am - Final ANZ Business Confidence (NZD)
3:00am - Manufacturing PMI (CNY)
8:00am - Final GDP q/q (GBP)
2:15pm - ADP Non-Farm Employment Change (USD)
2:30pm - GDP m/m (CAD)
4:00pm - Pending Home Sales m/m (USD)
4:30pm - Crude Oil Inventories (USD)

Thursday (SAST)
2:30am - Retail Sales m/m (AUD)
All day - OPEC-JMMC Meetings
4:00pm - ISM Manufacturing PMI (USD)

Friday (SAST)
All Day - Bank holiday (AUD, NZD, CHF, EUR, GBP, CAD)
2:30pm - Average Hourly Earnings m/m (USD)
2:30pm - Non-Farm Unemployment Change (USD)
2:30pm - Unemployment Rate (USD)