A high volume of data being released today could see more volatility as we head into the weekend.

The EUR/USD battled its way to some gains overnight, helped along by a weakening dollar. The pair opened at lows of $1.13785 and climbed steadily throughout the first half of the day. The pair the spiked to a high of $1.14331 before quickly giving up some of those gains as it fell back to just above $1.14 where it remained steady. It is currently trading at $1.13990. The GBP/USD surged in a one-hour period last night as talk of a Brexit deal appears more certain. The pair opened the session at $1.27732 and quickly dipped to a low of $1.27659, remaining quite flat throughout the first half of the day. Then the pound rocketed during a one-hour period, going from $1.27888 to a high of $1.29263. The next hour saw it briefly give up all those gains as it fell to $1.27861 but then bounced back up to $1.28880 where it stayed near those levels for the rest of the session. It is currently trading at $1.28745.

The Dow again disappointed after a promising start to the day. The index opened the day at 24,471.67 and climbed to an early high of 24,543.96. The Dow then spent most of the session sliding, as it eventually hit lows of 24,303.43. It has opened higher this morning and picked up around 80 points since the open and is currently trading at 24,405.80. The Dax gave up the gains it made during the previous session after opening at 11,254.98. The German index then bumped up to highs of 11,264.80 shortly afterwards. The rot set in and the Dax tumbled to lows of 11,115.80 a couple of hours later. It came of those lows and remained steady for the rest of the session, closing at 11,146.30.

The day ahead is packed with data, with focus turning to Europe for release of some important data. Europe is publishing a host of PMI data for various countries over different sectors of the respective economies. These PMI figures reflect the strength of their respective sectors and is an important indicator of economic growth. Data released today includes:

Japan – Flash Manufacturing PMI

US – Flash Manufacturing & Services PMIs

Canada – CPI, Core, Common, Median and Trimmed CPIs, Retail & Core Retail Sales

Europe – European, German and French Flash Manufacturing & Services PMIs, German Final GDP, Belgian NBB Business Climate

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