Will a Rise in Services and a Strong U.S. Labor Report Ignite a Dollar Rally?

The U.S. non-farm payroll and ISM non-manufacturing reports will look to continue the string of strong fundamentals results from the world’s largest economy. A brighter outlook for domestic growth has started to generate greenback support and signs that the service sector which accounts for 70% of GDP and the labor market are improving could be a catalyst for a bullish rally. Canadian manufacturing and German employment data will also be potential market moving events during the upcoming week, as traders look to see if their recoveries are sustaining.