In Britain, MPC member Spencer Dale will make a public appearance, and might hint something about next week’s rate decision. Later, Construction PMI is expected to remain bad, staying under 50. Expectations are for a small rise from 46.2 to 46.9 points.

Australia’s MI Leading Index rose by 1.1%, exactly like last month. AUD/USD is trading in a range between 0.92 and 0.93, capped by a resistance line. For more on the Aussie, read the AUD/USD Forecast.

Australia’s employment figures were also an excellent positive surprise, and sent AUD/USD above the resistance line of 0.8950. The number pf employees (employment change) rose by 40.6K. Economists had a expected a loss of 9.7K jobs. This rise in jobs was backed by an improvement in unemployment. The Australian Unemployment Rate fell from 5.8% to 5.7%, beating pessimistic expectations for a rise to 6%.

The late dollar comeback that began late on Friday continues today. While the British Pound and the New Zealand dollar suffer, the Swissy and the Yen are weathering this strength.

Will the dollar strength continue today? Will the Pound continue it’s weakness? Many British figures will set the direction today.

Australian Home Loans start the day. After rising by 4.9%, they are expected to rise by only 1.6%. This is an important figure for the Aussie.

Australian RBA Monetary Policy Statement will start the day. After the impressing employment data in Australia, the decision to leave interest rates intact can be easily explained….

Australia starts the week with the monthly ANZ Job Advertisements. Australian housing is expected to be left unchanged, with quarterly HPI at 0%.

The day starts with German Import Prices, which are expected to drop by 0.3%. Later in Europe, Final Services PMI is expected to be left unchanged, at 40.1. This is a major indicator for Europe.

Australia’s RBA Financial Stability Review starts the day. Australia seems to have a very stable economy. I wonder if it will be reflected in this review.