A data-filled day ahead for markets means there plenty of opportunities for traders to make some money.

Both the euro and pound threatened to rally overnight, but any gains were short lived. The EUR/USD opened at $1.17946 and steadily weakened until it reached a low of $1.17554. It rallied from that point, peaking at $1.18289 around an hour or so later. It could not hold onto those gains though as it fell back below its opening price. It is currently trading at $1.17822. The GBP/USD also threatened to break out, but it was to no avail. After opening at $1.34320, it declined to lows of $1.34117. It rallied the same time as the euro, where it hit highs of $1.34908 before giving up most of those gains. It is now trading at $1.34351.

The Dow had everything going for it until news broke that there is still some doubt over the US-China trade deal and the possible cancellation of Donald Trump’s meeting with North Korea. The Dow climbed to highs of 25,074.38 in mid-late session trading, the nosedived after that. By the end of the US trading session, the Dow had plummeted to lows of 24,809.36. It is not far off those lows in early morning trading, currently at 24,837.70. The Dax displayed some big swings as it made up for lost time as it was closed the day before. The Dax opened at 13,155.20 (80 points above its close on Friday) then fell to lows of 13,055.60. It rallied from that point however, peaking at 13,204.10 a few hours later. It gave up some of those gains to close at the exact place it opened, 13,155.20.

The day ahead is full of significant data from around the world, so we could see some volatility. The most significant piece of information set for publication is the US Fed Reserve’s Meeting Minutes. This gives a more detailed insight into the thinking of Fed Reserve members and what the future of monetary policy settings will look like. This has the potential to cause market volatility for USD-paired currency and US indices. Other data published today includes:

Australia – Construction Work Done, RBA Governor Philip Lowe speaks

NZ – Trade Balance

Japan – All Industries Activity

UK – CPI, Core CPI, RPI, PPI Input & Output, HPI, CBI Realised Sales

US – Flash Manufacturing & Services PMIs, New Home Sales, Crude Oil Inventories

Europe – European, German & French Flash Manufacturing PMIs, European, German & French Flash Services PMIs, Consumer Confidence

Disclaimer: The information in this website is of a general nature only and the advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs. We recommend you seek independent advice if necessary.