A host of data set for publication today could see some more volatility. Matters away from market data could also play its role in moving markets.

The EUR/USD endured a bumpy session overnight after opening at $1.16809. The pair weakened early to $1.16657 before climbing to near-session-highs of $1.17171. The euro then dropped again, sliding to $1.16709, then rallied once again to session highs of $1.17240. It could not hold onto those highs however, tumbling to lows of $1.16508 late in the session. It has come off those lows and is currently trading at $1.16791. The GBP/USD also endured a rough session but was able to recover better than the euro. The pair opened at $1.31572, slid to $1.31387, climbed to $1.31697 before falling to a low of $1.31180. It bounced off those lows and rallied to highs of $1.31718. The pair then fell once again late in the session to $1.31291, however the pound climbed again and is currently at $1.31682.

The Dow was strong yesterday, overcoming trade war talk to add over 300 points throughout the day. The index opened at 26,066.73 which was when Trump announced more tariffs on goods from China. It plummeted to lows of 25,957.59 shortly afterwards before turning that around and surging for the rest of the session. The Dow peaked at 26,322.76 late in the session and is not far off that at the moment, trading at 26,294.70. The Dax endured some wild swings overnight but was still able to enjoy a strong session. The German index opened at lows of 12,053.40 and over the next two hours, stormed to a high of 12,185.00. It could not hold onto those highs, falling away to 12,106.45, climbing to 12,125.77 then suffering 60-odd point drop to near session lows of 12,061.65. It rallied off that sudden drop to close at near-session high of 12,175.00.

The day ahead is full of data being released with the most significant being the UK CPI data. Away from data and the ongoing trade war between the US and China continues, with China expected to retaliate with its own tariffs on US goods. All of this talk has moved markets in the past and could do the same again. Other data set for release today includes:

NZ – GDP

Australia – MI Leading Index, RBA Assistant Governor Chris Kent speaks

Japan – BoJ Policy Rate, Monetary Policy Statement, BoJ Press Conference

UK – PPI Input & Output, Core CPI, HPI, MPC Member Andy Haldane speaks

US – Building Permits, Housing Starts, Current Account, Crude Oil Inventories

Europe – Current Account, Swiss SECO Economic Forecasts, ECB President Mario Draghi speaks

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.