A host of data set for release today should ensure further volatility.

The USD continues to assert its dominance, sending paired currencies down overnight. The EUR/USD opened at $1.15769 and bumped up to session highs of $1.15793 early. The pair then began its slide shortly afterwards as it fell to lows of $1.15044 mid-session. It climbed off those lows to reach $1.15694 late in the day. That was the end of the spirited comeback however, losing a small amount of those gains. It is currently trading at $1.15511. The GBP/USD suffered a similar fate after opening at $1.30413. The pair lifted slightly to session highs of$1.30481 before declining over the next few hours to hit lows of $1.29399. It managed to climb off those lows and is currently trading at $1.29802.

The Dow continues to power on, reaching record highs. The index opened at 26,659.31 and looked set for a negative session as it fell to lows of 26,541.82 mid-session. From there however, the Dow surged throughout the back half of the day, hitting a high of 26,826.11. It has come off those highs slightly, currently trading at 26,783.20. The Dax opened and closed flat, but there were some signs of movement in between. The German index opened at 12,277.65 and climbed to an early high of 12,306.60. That initial positive news was offset by the fact that the Dax fell to lows of 12,195.60 an hour later. It was able to recover some of those losses as it closed at 12,268.70.

The day ahead sees the release of plenty of data, with attention turning to the US. The US is publishing ISM Non-Manufacturing PMI data. This data reflects the strength of various non-manufacturing sectors within the economy and has caused some volatility in the past. Other data set for release today includes:

Australia – Building Approvals

UK – Services PMI

Europe – Italian & Spanish Services PMIs, European, German and French Final Services PMIs, European Retail Sales

US – ADP Non-Farm Employment Change, Final Services PMI, Crude Oil Inventories, Fed Chair Jerome Powell and FOMC Members Loretta Mester, Lael Brainard and Thomas Barkin speak

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