The week is packed with data which could cause more volatility for markets.

The EUR/USD showed some signs of life after getting belted for the majority of last week. The pair opened at $1.13235 and remained flat early, dipping to a low of $1.13204 mid-session. The pair rallied soon after, climbing to a high of $1.14192 in late trading. It is not far off that high, currently trading at $1.14150. The GBP/USD made some small gains on Friday as it continues to recover from the massive sell-off the day before. The pair opened at $1.27588 and slid to an opening-hour low of $1.27542. The pound spent most of the session climbing gradually to eventually hit a high of $1.28761. It came off those highs shortly afterwards and remained flat for the rest of the session. It is currently trading at $1.28340.

The Dow was solid without being spectacular on Friday. The index opened at 25,321.60 and traded and began weakening early. Mid-session trading saw the Dow fall to a low of 25,096.87 before it surged in the back half of the day. The Dow peaked at 25,498.57 late before closing at 25,446.70. The Dax continues to disappoint after opening the day at 11,399.76. The German index lifted to an early high of 11,446.60. It tumbled over the next few hours until it hit a low of 11,228.60. The Dax rallied off those lows but could not recover all of those losses as it closed at 11,365.10.

The week ahead is a busy one for markets, with a plethora of data set for publication. It is also a big week for the UK government as Brexit negotiations heat up and the slim possibility of a change in Prime Minister. Data released today and the most significant this week include:

Today – Japanese Trade Balance, UK Rightmove HPI, European Current Account, ECB Financial Stability Report, Eurogroup Meetings, German Buba Monthly Report, US NAHB Housing Market Index, FOMC Member John Williams speaks

Tuesday – Australian Monetary Policy Meeting Minutes, UK Inflation Report Hearings, BoJ Governor Haruhiko Kuroda speaks

Wednesday – US Core Durable Orders

Thursday – US Crude Oil Inventories, ECB Monetary Policy Meeting Accounts

Friday – European, German and French Flash Manufacturing & Services PMIs

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