A wild night for markets, as most major indices finished the session higher, after heavy losses early in the session. Some analysts say that this is the start of the recovery, while others are still expecting some volatility, which could mean more dips in the market along the way.

The Dow, led the charge in what some may say is the start of the recovery. After hitting a low of 23,120, the Dow piled on more than 1,800 points to reach a session high of 24,948.50.  It has since come off those highs, currently trading at 24,796.30. The Dax finished higher also. It reached lows of 12,154.10 before rocketing up almost 500 points to close at near session highs of 12,646.60.

The EUR/USD fell early, as the USD strengthened during the carnage on the markets yesterday, at one point hitting lows of $1.23128. It bounced back to session highs of $1.24040. It has come off that high, currently trading at $1.23789. The GBP/USD followed the same pattern, falling to session lows of $1.38344. It proceeded to climb to session highs of $1.39803, before settling to its current level of $1.39556.

Looking at the day ahead and there is plenty of information for traders and markets to digest. This information includes:

Japan – Average Cash Earnings, Leading Indicators

UK – Halifax HPI

Canada – Building Permits

US – Crude Oil Inventories, Consumer Credit, FOMC Members William Dudley & John Williams speak

New Zealand – Official Cash Rate, RBNS Monetary Policy Statement, RBNZ Rate Statement, RBNZ Press Conference

Europe – German Industrial Production, French Trade Balance, Swiss Foreign Currency Reserves, Italian Retail Sales

Disclaimer: The views expressed in this blog are those of the author only. Opinions offered in this blog are no guarantee of market direction and performance. Traders/Investors should not rely on this blog alone for their market information. This blog is not an indicator of market direction and performance. Trading the forex market is high risk and losses can exceed deposits.