A somewhat busy Monday as far as announcements go, with some significant data from China set for release today. The rest of the week is full of vital events and data releases that is sure to keep all traders interested.

The USD is slowly clawing its way back after copping a beating last Friday as worse than expected CPI and Retail Sales results were published. Speeches by Fed Chair Janet Yellen and ECB President Mario Draghi has the potential to move the EUR/USD later this week. The pairing is currently trading at $1.1808.

All major US stocks ended the Friday trading session higher in what seems like an unstoppable march. The NASDAQ was the best performer, up 14.29 points (+0.22%) to close at 6,605.80. The Dow added 30.71 points (+0.13%) to close at 22,871.72, while the S&P 500 ended the session at 2,553.17, up 2.24 points (+0.09%). European stocks were a mixed bag with the FTSE down 20.80 points (-0.28%) to 7,535.44, while the DAX was mainly flat, up a meagre 8.98 point (+0.07%) to 12,991.87.

Gold has finally found some friends again, surging above $1,300.00. It was trading at $1,289 late last week, before a push on Friday and today has seen it reach its current level of $1,305.90. Oil continues to win back supporters, posting strong gains late last week and this morning. Oil is currently trading at $51.87.

Turning to events of today and the most crucial data is the CPI from China. CPI is vital for economic growth in the world’s second largest economy. As China continues to grow, it needs to cater for that growth by building infrastructure. To do this, they need to import most of their materials and resources. This importing helps the trade balances of countries that China trades with. Therefore, it is important for China to keep growing to help aide other economies around the world.

The rest of the announcements today and the most significant for the week include:

Today – China PPI, Japan Revised Industrial Production, German WPI, European Trade Balance, Bank of Canada Business Outlook Survey & Foreign Securities Purchases, US Empire State Manufacturing Index.

Tuesday – UK CPI, RBA Monetary Policy Meeting Minutes, BoE Governor Mark Carney speaks

Wednesday – UK Average Earnings Index, US Building Permits & Crude Oil Inventories, ECB President Mario Draghi speaks

Thursday – Australian Employment Change & Unemployment Rate, China GDP & Industrial Production, UK Retail Sales, US Unemployment Claims

Friday – Fed Chair, Janet Yellen, speaks