Quite a lot of significant data release this week should ensure some volatility.

The USD continues to man-handle paired currencies, sending some to multi-month lows. The EUR/USD re-visited $1.13 territory last Friday after opening at $1.15244. The pair reached a high of $1.15360 in early trading before beginning its slide shortly afterwards. It continued to fall for most of the session, dropping to a low of $1.13867 quite late in the day. The pair opened lower this morning but is currently not far off Friday’s lows, trading at $1.13948. The pound was also hammered on Friday after opening at $1.28204. The pair rose to a high of $1.28362 but then suffered the same fate as the euro, falling until it bottomed-out at $1.27216. It has shown a bit more resilience than its European counterpart, bouncing off those lows. It is currently trading at $1.27557.

The Dow again underperformed, weighed down by uncertainty surrounding tariffs imposed by China. The Dow opened at 25,469.21 and lifted to a high of 25,482.24 a short time later. The rot set in after that as the Dow began its decline. The index hit a low of 25,214.31 late in the session before bouncing off those lows. It is currently trading at 25,279.60. The Dax was diabolical on Friday, unable to take advantage of a falling euro. After opening the session over 70 points lower (12,602.75) than its closing price on Thursday, it briefly jumped to a high of 12,628.40 before reversing that promising gain. The German index fell to a low of 12,384.40 late, but was able to show some signs of life, closing higher at 12,419.40.

The week ahead contains plenty of significant data release from around the world, which will likely cause some volatility. The trade war saga is worth keeping an eye on as well. The most significant data set for release this week includes:

Tuesday – UK Average Earnings Index, Chinese Industrial Production, European Flash GDP

Wednesday – US Retail & Core Retail Sales, Australian Wage Price Index, UK CPI, French & Italian bank holidays

Thursday – US Building Permits & Crude Oil Inventories, Australian Employment Change & Unemployment Rate

Friday – RBA Governor Philip Lowe speaks, Canadian CPI

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