The Week Ahead – Stats, Monetary Policy and Geopolitics to Drive the Majors

On the MacroFor the Dollar:

在宏上对于美元：

Its a busy week ahead for the Greenback.

对于美元而言，这是一个繁忙的一周。

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May Markit and ISM manufacturing PMI numbers kick off the week, with the ISM number expected to have greater influence.

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Following April factory orders and durable goods orders on Tuesday, service sector PMI and ADP nonfarm employment change numbers are due out.

周二4月工厂订单和耐用品订单，服务业PMI和ADP非农就业变化数据即将到期。

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On Wednesday, the ISM service PMI and the ADP numbers will likely be the key driver.

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The focus will then shift to May labor market figures due out on Friday. Wage growth and the nonfarm payrolls will be key on the day.

焦点将转移到周五公布的5月劳动力市场数据。工资增长和非农就业人数将是当天的关键。

Off less influence in the week, will be 1st quarter nonfarm productivity and unit labor costs numbers due out alongside the weekly jobless claims and trade data.

本周影响较小的第一季度非农业生产率和单位劳动力成本数据将与每周失业人数一同出现声明和交易数据。

Outside of the stats, sentiment towards trade and FED monetary policy will influence through the week.

在统计数据之外，对交易和美联储货币政策的情绪将在本周影响。

On the policy front, FED Chair Powell is due to deliver a speech on Tuesday.

On在政策方面，美联储主席鲍威尔将于周二发表演讲。

The Dollar Spot Index ended the week up 0.14% to $97.750.

美元现货指数本周上涨0.14％至97.750美元。

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For the EUR:

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Its also a busy week ahead.

这也是一个繁忙的一周。

May manufacturing PMI numbers are due out of Spain, Italy, France, Germany, and the Eurozone on Monday.

5月制造业采购经理人指数将于周一在西班牙，意大利，法国，德国和欧元区推出。

We can expect the market focus to be on Italy‘s PMI and Germany’s finalized number. The EUR will likely come under pressure if the figures are in line with or worse than forecast.

我们可以预期市场将关注意大利的PMI和德国的最终数据。如果数据与预测一致或差于预期，欧元可能会承受压力。

The Eurozones Prelim May inflation figures will influence on Tuesday ahead of service sector PMI numbers due out on Wednesday.

欧元区的Prelim 5月通胀数据将在服务业PMI数据公布之前影响周二周三。{/ p>

Alongside the service PMI numbers, April retail sales are also due out of the Eurozone that will also influence.

除服务PMI数据外，4月零售额也将来自欧元区，这也将影响。

On Thursday, German factory orders and 3rd estimate Eurozone GDP numbers could set the tone for the ECB later in the day.

周四，德国工厂订单和第三次估计的欧元区国内生产总值数据可能为当天晚些时候的欧洲央行定下基调。

At the end of the week, German trade and industrial production figures will round off a busy week for the EUR.

本周末德国贸易和工业生产数据将为忙碌的一周收集欧元。

Outside of the stats, the ECB will deliver its June monetary policy. If the last financial stability review was anything to go by, the EUR will likely take a hit through the ECB press conference.

在统计数据之外，欧洲央行将实施其6月份的货币政策。如果最后的金融稳定性审查有所改变，欧元可能会受到欧洲央行新闻发布会的影响。

The EUR/USD ended the week down 0.3% to $1.1169.

欧元/美元本周收跌0.3％至1.1169美元。

For the Pound:

对于英镑：

Its a relatively busy week ahead. Key stats include manufacturing, construction and, service sector PMI numbers.

这是一个相对繁忙的一周。主要统计数据包括制造业，建筑业和服务业PMI数据。

Monday‘s manufacturing and Wednesday’s service sector PMI numbers will have the greatest influence from the calendar.

周一的制造业和周三的服务业PMI数据将受日历影响最大。

On the monetary policy front, BoE Governor Carney could provide some guidance on Thursday to influence the Pound.

在货币政策方面，英国央行行长卡尼可能在周四提供一些指引，以影响英镑。

The key driver through the week, however, will continue to be sentiment towards Brexit and chatter from the UK Parliament.

然而，本周的关键驱动因素将继续来自英国议会的英国脱欧和喋喋不休的情绪。

The GBP/USD ended the week down 0.67% to $1.2629.

英镑/美元本周收跌0.67％至1.2629美元。

For the Loonie:

对于Loonie来说：

Its a relatively busy week ahead.

这是一个相对繁忙的一周。

1st quarter labor productivity numbers will provide direction on Wednesday, ahead of April trade data and the Ivey PMI on Thursday.

第一季度劳动生产率数据将在周三提供方向，提前4月贸易数据和Ivey PMI周四。

Employment change and the unemployment rate will likely have a more material impact on Friday, however.

然而，就业变化和失业率可能对周五产生更大的实质性影响。

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Outside the numbers, crude oil prices and market sentiment towards U.S foreign policy will also influence.

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Following the latest threat to Mexico, the USMCA may not be as reliable as had been initially thought…

在对墨西哥的最新威胁之后，USMCA可能不像最初想象的那样可靠......

The Loonie ended the week down 0.59% to C$1.3516 against the U.S Dollar.

The Loonie本周收盘下跌0.59％至1.3516加元兑美元。

Out of AsiaFor the Aussie Dollar:

亚洲以外的澳元：

Its a particularly busy week ahead.

这是一个特别的本周繁忙的一周。

Key drivers through the week include 1st quarter gross company profit figures due out on Monday and retail sales figures on Tuesday.

本周的主要推动因素包括周一公布的第一季度公司总利润数据以及周二的零售销售数据。

1st quarter GDP numbers on Wednesday will also influence ahead of April trade data on Thursday.

周三公布的第一季度国内生产总值数据也将影响周四4月份的贸易数据。

Of less impact will be home loan figures due out on Friday.

周五公布的房屋贷款数据影响较小。

From elsewhere, Chinas manufacturing PMI, due out on Monday, will also influence.

从其他地方来看，周一公布的中国制造业采购经理人指数也将受到影响

While the stats will provide direction, the focus in the early part of the week will be on the RBA monetary policy decision on Tuesday.

虽然统计数据将提供方向，但本周初的焦点将放在周二澳洲联储的货币政策决定上。

The Aussie Dollar ended the week up 0.16% to $0.6938.

澳元兑美元本周上涨0.16％至0.6938美元。

For the Japanese Yen:

日元：

1st quarter capital spending and May manufacturing PMI figures are due out on Monday.

第一季度资本支出5月制造业PMI数据将于周一公布。

With the markets having to wait until Friday for May household spending figures, market risk sentiment will continue to be the key driver in the week.

由于市场不得不等到5月家庭支出数据周五，市场风险情绪将继续成为该市场的关键驱动因素。一周。{/ p>

The Japanese Yen ended the week up 0.93% to ¥108.29 against the U.S Dollar.

日元兑美元汇率上涨0.93％至108。29日元。

For the Kiwi Dollar:

对于新西兰元：

There are no material stats due out in the week.

本周没有重要的统计数据。

A lack of stats will leave the Kiwi Dollar in the hands of market risk appetite and Chinas private sector PMIs.

缺乏统计数据会让新西兰元落入手中市场风险偏好和中国私营部门采购经理人指数。

The Kiwi Dollar ended the week down 0.34% to $0.6531.

纽元兑美元汇率下跌0.34％至0.6531美元。

Out of China:

走出中国：

Private sector PMI numbers due out on Monday and Wednesday will influence market risk sentiment.

私营部门PMI数字将于周一和周三公布nesday将影响市场风险情绪。

We expect that Mondays manufacturing PMI will have the greatest Impact.

我们预计周一的制造业PMI将产生最大的影响。

Geo-Politics

地缘政治

UK Politics: Therell be plenty of attention placed on the UK Parliament. Front runners to replace Theresa May will also keep Brexit a hot topic in the week.

英国政治：会有很多关注点英国议会。取代Theresa May的领跑者也将在本周保持英国退欧热门话题。

The Rest

其余的

On the Monetary Policy Front:

货币政策前沿：

For the Aussie Dollar, the RBA will deliver its June policy decision on Tuesday. The Aussie Dollar could be in for a tumble if the RBA talks of the need for a rate cut.

对于澳元兑美元，澳联储将于周二发布其6月份的政策决定。如果澳大利亚央行谈到降息的必要性，澳元可能会陷入困境。

For the EUR, the ECB will deliver its June policy decision on Thursday. Doom and gloom will likely see Draghi raise further red flags over the Eurozone economy. The EURs unlikely to find too much support during the press conference…

对欧元而言，欧洲央行将于周四公布其6月份的政策决定。厄运和沮丧可能会看到德拉嗨，在欧元区经济上再次引发红旗。新闻发布会期间欧元不太可能获得太多支持......