A look at the week ahead

January 8, 2018

There is plenty of data set for release throughout the week which will keep traders interested.

The EUR/USD pair started the last trading session quite strongly, before falling away throughout the night. There was a brief 15-minute spike in the middle (around the time the US Non-Farm Payroll’s data was released), but the pair progressively weakened after that. It got as low as $1.20193 before regaining some of those losses to be currently trading at $1.20354. The GBP/USD pair weakened early before steadily climbing higher during the rest of the trading session. The pair is currently trading at $1.35642.

The Dow went off to the races last Friday, rallying over 200 points from its lows of 25,074.90. It is currently sitting at its high of 25,297.90, thanks to a 100-point surge in the last two hours of trading. The Dax is showing some signs of life again, after under-performing for the last 6-8 weeks. It made most of its gains in early trading, but it managed to hold those gains for the rest of the trading session. It surged over 150 points off its lows of 13,171.70 to end the session at 13,338.15.

Looking to the week ahead and there’s data from around the world that has the potential to move markets. This data includes:

Today – UK Halifax HPI

Tuesday – German Industrial Production

Wednesday – China CPI & PPI, UK Manufacturing Production

Thursday – Australian Retail Sales, US PPI

Friday – US CPI & Core CPI, US Retail & Core Retail Sales