A week packed full of announcements should ensure some volatility in the days ahead.

The EUR/USD made some solid gains last Friday as the USD showed signs of weakness. The pair fell to lows of $1.22143 early before beginning the rocky road up. It climbed until it peaked at $1.22904 in late trading. It has come off those highs since and in fact it is still falling. It is currently trading at $1.22665. The GBP/USD followed a similar pattern to the euro but showed more resilience to hold most of its gains. It hit a low of $1.39821 early before rocketing up to a high of $1.41048 a few hours later. It has come off those highs but seems to be holding steady at $1.40870.

The Dow copped a bit of a belting on Friday after dropping 500 points early in the session after peaking at 24,593.00. It spent the next several hours holding steady and paring back some of those losses. Late in trading however, it took another leg down as it plummeted to lows of 23,734.00. It has recovered some of those losses, currently trading at 24,017.40. The Dax remained reasonably flat during trading but closed weaker than its open. It reached a peak of 12,292.10 mid-way through the session before weakening. It hit a low of 12,147.10 at which point it rebounded and closed at 12,185.60.

The week ahead is full of announcements which should keep markets on their toes. The announcements today and the most significant releases for the rest of the week include:

Today – Japanese Consumer Confidence & Economy Watchers Sentiment, German Trade Balance, European Sentix Investor Confidence, Canadian Housing Starts

Tuesday – BoC Business Outlook Survey, US PPI

Wednesday – UK Manufacturing Production, US CPI & Core CPI, ECB President Mario Draghi & RBA Governor Philip Lowe speak

Thursday – FOMC Meeting Minutes, BoJ Governor Haruhiko Kuroda speaks, ECB Monetary Policy Meeting Accounts

Friday – BoE Governor Mark Carney speaks, China Trade Balance

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