A host of data set for release this week should ensure some volatility around the world.

The EUR/USD weakened on Friday after a promising start to the session. The pair opened at $1.16885 and was flat in early trading before climbing to a high of $1.17209 mid-session. It then began its decline for the rest of the session, tumbling to a low of $1.16182 in the last hour of trade. It is not far off that level, currently trading at $1.16253. The GBP/USD ultimately suffered the same fate after opening at $1.31033. The pair steadily climbed to near session-highs of $1.31372 before beginning its slide. It dropped to $1.30854 before a sharp spike up saw it hit session highs of $1.31427. That high was short-lived as it fell to lows of $1.30553 a few hours later. It is not far off those lows, currently trading at $1.30714.

The Dow opened at 26,143.48 and climbed to a high of 26,223.25 mid-session. The index stumbled over the next few hours as it tried to maintain those highs. The rot set in late in the session, falling to a low of 26,079.75 late in the day. It is not far off those lows, trading at 26,106.80. The Dax fared better on Friday after opening at 12,083.79. The index rallied to near-session-highs of 12,133.58 early before dropping to lows of 12,074.60. However it was able to recover and it enjoyed a strong end to the day, hitting a high of 12,136.20 and closing at 12,124.70.

The week ahead sees the publication of plenty of market data we should cause some market movements. The data released today and the most significant data released for the rest of the week include:

Today – European Final & Final Core CPIs, Italian Trade Balance, German Buba Monthly Report, Canadian Foreign Securities Purchases, US Empire State Manufacturing Index, UK & Australian CB Leading Indexes

Tuesday – Australian RBA Monetary Policy Meeting Minutes, ECB President Mario Draghi speaks

Wednesday – UK CPI, Japanese Monetary Policy Statement, BoJ Press Conference, US Crude Oil Inventories, ECB President Mario Draghi speaks

Thursday – NZ GDP, UK Retail Sales, Swiss SNB Monetary Policy Assessment

Friday – European, German and French Flash Manufacturing & Services PMIs, Canadian CPI & Core Retail Sales

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