Another week full of significant data emanating from around the world.

The dollar soared on Friday, thanks to better-than-expected employment and wage growth data. The EUR/USD opened at $1.16207 and remained steady early. The pair then climbed to a high of $1.16490 before plummeting after the release of the US Non-Farm data to hit lows of $1.15494 very late in the session. It is currently trading at $1.15559. The GBP/USD opened at $1.29244 and was lifeless early. Mid-session has seen the pair climb to a high of $1.30276 but performed an about-face and fell as quickly as it climbed, hitting lows of $1.29067. It is not far off those lows, currently trading at $1.29253.

The Dow closed lower on Friday, factoring in an increased chance of interest rate rise due to strengthening employment data. The Dow opened at 25,994.49 and did not move much early in the session, climbing to a high of 26,019.81. Then index began its slide after that, falling sharply in a one-hour period to a low of 25,811.95. It was able to recover most of those losses and is currently trading at 25,950.80. The Dax continues to disappoint, closing lower on Friday. The German index opened 11,940.83 and climbed to an early high of 11,989.10 before dropping to a low of 11,886.60 a few hours later. The Dax regained some of those losses to close at 11,937.10.

The week ahead is full of crucial economic data, which should ensure plenty of market volatility. The data released and the most significant releases this week include:

Today – China CPI & PPI, Japanese Economy Watchers Sentiment, European Sentix Investor Confidence, UK GDP, Manufacturing production, Goods Trade Balance, Construction Output, Index of Services, Industrial Production and NIESR GDP Estimate, US FOMC Member Raphael Bostic speaks

Tuesday – UK Average Earnings Index

Wednesday – PPI, Crude Oil Inventories

Thursday – Australian Employment Change & Unemployment Rate, UK Official Bank Rate, Monetary Policy Summary and Asset Purchase Facility, European Main Refinancing Rate & ECB Press Conference, US CPI & Core CPI

Friday – US Retail & Core Retail Sales, BoE Governor Mark Carney speaks

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