Plenty of data set for release this week from around the world.

Major currencies performed well on Friday as the dollar showed signs of weakness. The euro opened at $1.16397 and fell to a low of $1.16250 quite early.  The EUR/USD then rallied for most of the night afterwards, peaking at $1.17381 in very late trading. It closed slightly off those highs and is not far off those highs at the moment, trading at $1.17364. The pound enjoyed similar success to that of the euro after opening at $1.30117. Like the euro, the GBP/USD hit lows of $1.29937 shortly afterwards. It then rallied for most of the session, reaching highs of $1.31398. The pair has since climbed higher this morning, currently trading at $1.31431.

The Dow endured a roller coaster session on Friday as news filtered through of more tariffs on Chinese goods flowing into the US. The Dow opened at 25,061.79 and climbed to 25,126.01. However, the Dow fell off a cliff as it tumbled 200 points to 24,926.00 in the space of an hour. This was also the low for the session. It pegged back some of those losses and piled on over 100 points before tumbling near session lows. The Dow the climbed and regained of those losses and reached a high of 25,126.52 in late trading. It came off those highs and closed at 25,043.14. It has opened a little higher and is currently trading at 25,078.80. The Dax was underwhelming in Friday trading, weighed down by the Dow and the rising euro. The Dax opened at 12,666.47 and climbed to an early high of 12,707.30. It then fell over the next few hours to bottom-out at 12,465.20, before bouncing back and closing at 12,542.60.

A swathe of data set for release this week could potentially lead to some big market moves. The data released today and the significant data set for release for the rest of the week include:

Today – German Buba Monthly Report, Canadian Wholesale Sales

Tuesday – European, German, French Flash Services & Flash Manufacturing PMIs

Wednesday – Australian CPI & Trimmed Mean CPI, US Crude Oil Inventories

Thursday – US Core Durable Goods Orders, European Main Refinancing Rate, ECB Press Conference

Friday – US GDP

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.