A stack of data today should ensure a volatile end to the week.

The USD sunk overnight, sending paired currencies surging up. The EUR/USD opened the session at $1.13095 and dipped to a low of $1.13064 during the opening hour. It was basically all up from there, with the pair rallying to a high of $1.14232 late in the day. It has come off those highs but is still above $1.14, currently trading at $1.14024. The GBP/USD was also a beneficiary of the weakening dollar after opening the day at $1.27637. The pair dipped to a low of $1.27588 during the opening hour before soaring to a late high of $1.30331. It has retraced slightly, sitting just below $1.30 where it is currently trading at $1.29335.

The roared back to life after some disappointments of late. The index opened at 25,083.81 and slipped to an opening-hour low of 25,079.54. It climbed throughout the day with some small pull-backs in between before peaking at 25,398.26. It has opened lower this morning and is currently trading at 25,307.20. The Dax looked set for a strong session, but most of the gains were given up easily. The German index opened at 11,428.24 and dropped to an early low of 11,405.10. From there, the Dax rallied to a high of 11,571.80 before giving up most of those gains, where it remained flat for the rest of the session, closing at 11,478.30.

The day ahead is packed with data releases, with the most significant being the employment-related figures from the US. The US is publishing Non-Farm Employment Change, Average Hourly Earnings and Unemployment Rate figures. The US is expected to add 194,000 jobs for the month, while earnings are forecast to grow by 0.2% and the Unemployment Rate is expected to remain steady at 3.7%. Other data set for release today includes:

Australia – Retail Sales, PPI

UK – Construction PMI

US – Trade Balance, Factory Orders

Canada – Trade balance, Employment Change, Unemployment Rate

Europe – German Import Prices, French Government Budget Balance, Swiss Retail Sales, European, German and French Final Manufacturing PMIs, Italian and Spanish Manufacturing PMIs

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