With the Fed’s monetary policy decision behind us, the U.S. Non-Farm Payrolls and the G7 meeting along with three interest rate announcements from the Reserve Bank of Australia, the Bank of England, and the European Central Bank will take the center stage in what could become another pivotal week ahead for equities, commodities and currencies.

In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention to.

Sunday, Jan. 31 will begin the trading session with a sequence of significant economic releases from “down under”, starting with the Australian Manufacturing PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity level of purchasing managers in the manufacturing sector, at 5:30 pm, ET.

Another notable report- the Australian TD Securities Melbourne Institute Inflation Gauge, a measure of consumer inflation used as a leading monthly indicator of the quarterly-issued Consumer Price Index, will be released at 6:30 pm, ET, followed by the Australian House Price Index, a measure of changes in home prices, at 7:30 pm, ET.

Monday, Feb. 1 will start with the Swiss PMI-Purchasing Managers' Index, measuring the activity level of purchasing managers in the manufacturing and service sectors, at 3:30 am, ET.

Two important releases will follow with the Euro-zone Manufacturing PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity level of purchasing managers in the manufacturing sector, at 4:00 am, ET, and the U.K. Manufacturing PMI-Purchasing Managers' Index, at 4:30 am, ET.

The sequence of notable U.K. reports will continue with Bank of England’s Mortgage Approvals Report, a leading indicator of housing market activity measuring newly issued home loans, at 4:30 am, ET, along with the U.K. Net Lending to Individuals, a gauge of consumer credit conditions, also at 4:30 am, ET.

The U.S. economic data will bring the first spotlight event of the week- the U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, released along with the Personal Consumption and Expenditures Deflator- a leading indicator of inflation preferred by the Fed because it measures a variable basket of goods and services, as opposed to the CPI-Consumer Price Index which measures a fixed basket of goods and services, scheduled at 8:30 am, ET.

Another spotlight event- the U.S. ISM Manufacturing Index, a leading indicator of industrial activity, where a reading above or below 50 is the dividing line between economic expansion and contraction, will be released at 10:00 am, ET, along with the U.S. Construction Spending, also at 10:00 am, ET.

The evening reports will begin with the Australian Business Confidence, a survey on the economic outlook of businesses, at 7:30 pm, ET, and the Japanese Cash Earnings, a measure of workers’ income, at 8:30 pm, ET.

The day will conclude with one of the main spotlight events of the week- the Reserve Bank of Australia Interest Rate Announcement, at 10:30 pm, ET.

Tuesday, Feb. 2 will start with the U.K. Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 4:30 am, ET.

A notable report will follow with the release of the Euro-zone PPI- Producer Price Index, the main measure of wholesale inflation experienced by manufacturers and a leading indicator of consumer inflation, at 5:00 am, ET.

The U.S. economic data will bring the U.S. Pending Home Sales Index, a leading indicator of housing market conditions, at 10:00 am, ET.

The day will conclude with a series of important economic reports, beginning with the Australian Services PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the services sector, at 5:30 pm, ET.

The U.K. Nationwide Consumer Confidence Index, a survey of consumers’ financial conditions and outlook on the economy, will follow at 7:00 pm, ET, along with the British Retail Consortium Shop Price Index of changes in prices of goods, also at 7:00 pm, ET.

The Australian Trade Balance of the difference between imports and exports will wrap up the day at 7:30 pm, ET.

Wednesday, Feb. 3 will begin with two notable releases- the Euro-zone Services PMI- Purchasing Managers' Index, at 4:00 am, ET, and the U.K. Services PMI- Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity of purchasing managers in the services sector, at 4:30 am, ET.

More European news will bring a spotlight event- the Euro-zone Retail Sales, an important measure of consumer spending, at 5:00 am, ET.

The U.S. economic reports will begin with a spotlight event- the ADP-Automatic Data Processing Employment Report, an important gauge of labor market conditions in the private sector of the economy, at 8:15 am, ET.

Another spotlight event- the U.S. ISM Non-Manufacturing Index of economic conditions in the services industries: agriculture, mining, construction, transportation, communications, wholesale trade and retail trade, will be released at 10:00 am, ET, followed by the EIA- Energy Information Administration Weekly Oil Inventories, at 10:30 am, ET.

The sequence of spotlight events will continue with the New Zealand Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 4:45 pm, ET.

The day will end with two notable reports- the Australian Retail Sales, the main gauge of consumer spending, at 7:30 pm, ET, along with the Australian Building Approvals, a leading indicator of housing market activity, also at 7:30 pm, ET.

Thursday, Feb. 4 will begin with the Swiss Trade Balance of the difference between imports and exports at 2:15 am, ET, and the German Factory Orders, a leading indicator of industrial activity in the Euro-zone’s largest economy, at 6:00 am, ET.

Two of the main spotlight events of the week will follow- the Bank of England Interest Rate Announcement, at 7:00 am, ET, and the European Central Bank Interest Rate Announcement, at 7:45 am, ET.

Another significant event that morning will be the European Central Bank President Jean-Claude Trichet’s press conference following the ECB Governing Council's interest rate decision, expected around 8:30 am, ET. The language of his statement will be closely watched for any hints of future changes in the ECB’s monetary policy.

The Canadian Building Permits, a leading indicator of housing market conditions, will come at 8:30 am, ET.

The U.S. economic reports will begin with the weekly Jobless Claims, a gauge of labor market conditions measuring new unemployment claims, at 8:30 am, ET, along with the U.S. Non-farm Productivity and Labor Costs Index, measuring the growth of labor efficiency and price changes in labor costs, also at 8:30 am, ET.

A notable Canadian economic data will bring the Canadian Ivey PMI-Purchasing Managers' Index, a leading indicator of economic conditions measuring the activity of purchasing managers in all sectors of the economy, at 10:00 am, ET,

The U.S. economic reports will continue with the U.S. Factory Orders, a leading indicator of economic activity measuring orders placed with domestic manufacturers, at 10:00 am, ET, and the U.S. EIA- Energy Information Administration Weekly Natural Gas Inventories, at 10:30 am, ET.

The day will conclude with the Australian Construction PMI- Purchasing Managers' Index, measuring the level of activity of purchasing managers in the construction sector, at 5:30 pm, ET, and the Reserve Bank of Australia’s Monetary Policy Report on inflation, economic conditions and future monetary policy, at 7:30 pm, ET.

Friday, Feb. 5 will start with the Japanese Leading Indicators of economic activity, at 1:00 am, ET.

The U.K. economic data will bring a notable report with the release of the U.K. Input and Output PPI- Producers Price Indexes, the main measures of wholesale inflation experienced by manufacturers and leading indicators of consumer inflation, at 4:30 am, ET.

The German Industrial Production, the main gauge of industrial activity measuring the output of factories, mines and utilities will be released at 6:00 am, ET.

A sequence of spotlight events will begin with the Canadian Employment Situation and Unemployment Rate, the main gauge of employment trends and labor market conditions, at 7:00 am, ET.

The busy first trading week of the month will conclude with its main spotlight economic event- the U.S. Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of new jobs created, scheduled at 8:30 am, ET, along with the U.S. Unemployment Rate and Average Hourly Earnings, also at 8:30 am, ET.

Another important event to keep an eye on over the weekend will be the G7 meeting of finance ministers and central bankers in Iqaluit, Canada.