A week packed full of data should ensure volatility lies ahead for markets.

After hitting a peak of $1.25552 in early trading, the EUR/USD pair steadily declined for the rest of the session. The currency pair fell to lows of $1.23926 before bouncing back slightly, currently trading at $1.24099. The same can be said for the GBP/USD pair as the dollar gained in strength during Friday trading. The pair reached highs of $1.41440 before tumbling to session lows of $1.39952. It rebounded better than the Euro though, currently trading at $1.40216.

The Dow ended the session reasonably flat, although there were some fluctuations throughout the night. It fell to lows of 25,126.80, the shot up to 25,436.80. It came off those highs somewhat, currently trading at 25,247.90. The Dax had a solid night of trading, steadily climbing throughout most of the session. It hit session lows of 12,362.85 early, then gained in strength until it reached session highs of 12,535.10. It ended the session not far off those highs, currently trading at 12,487.10.

The week ahead is packed full of data. The most significant data/events for the week ahead includes:

Monday – BoE Governor Mark Carney speaks, US & China bank holiday

Tuesday – Australian Monetary Policy Meeting Minutes, China bank holiday

Wednesday – UK Average Earnings Index & Inflation Report Hearings, FOMC Meeting Minutes, China bank holiday

Thursday – UK Second Estimate GDP, Canadian Core Retail Sales, US Crude Oil Inventories

Friday – NZ Retail Sales, Canadian CPI

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.