A swathe of data set for release this week could cause more volatility for markets.

The EUR/USD was unsure of what it wanted to do last Friday, but managed to end the session above $1.15. The pair opened at $1.15122 and weakened throughout early and mid-session trading, where it eventually fell to a low of $1.14831. It rallied from that low, surging to a high of $1.15487 shortly afterwards. It gave up most of those gains, the regained some to be currently trading at $1.15243. The GBP/USD fared much better than its European counterpart, re-entering $1.31 territory. The pair opened at $1.30217 and slid to a low of $1.30019 in early trading. However, it bounced off those lows and climbed for most of the session from that point, peaking at $1.31230. It has gone higher again this morning, currently trading at $1.31259.

The Dow continues to disappoint, unable to reach the lofty heights which saw it almost hit 27,000 the week before. The index opened at 26,667.98 and climbed to an early high of 26,720.47 before remaining rather flat over the ensuing hours. Things went pear-shaped around the time the Non-Farm data was released. That sent the Dow falling, where it hit a low of 26.302.38 late in the day. It mounted a spirited fightback and is currently trading at 26,498.70. The Dax struggled once again, weighed down by a falling Dow. The German index opened at 12.229.06 and bumped up to a high of 12,248.80 during the opening hour. It was mainly downhill from there as the Dax continued its decline, falling to lows of 12,049.60 late in the session. The Dax recovered a small amount of those losses, closing at 12,089.70.

The week ahead sees the release of a whole swathe of data which could cause some market movements. Most notably, the US CPI data released on Thursday shapes up as being the most significant data being release this week. The data published today and the most significant this week includes:

Today – China Caixin Services PMI, Swiss Unemployment Rate, German Industrial Production, European Sentix Investor Confidence

Tuesday – Australian NAB Business Confidence, German Trade Balance

Wednesday – UK GDP & Manufacturing Production, US PPI, MPC Member Andy Haldane speaks

Thursday – US CPI & Core CPI, US Treasury Currency Report, BoE Credit Conditions Survey

Friday – China Trade Balance, German Final CPI, US Federal Budget Balance

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