A big end to the week coming up with a stack of data set for release.

The EURUSD cooled off after the rally the previous day, giving up most of those gains. The paired opened at $1.14777 and climbed to a mid-session high of $1.15135. The slide began shortly afterwards falling to a low of $1.14344 late in the day. It is not far off those lows, currently trading at $1.14460. The GBPUSD opened at $1.31154 and climbed to $1.31560 mid-session before falling to lows of $1.30961. The pound bounced off those lows and rallied to a high of $1.13593 an hour later. The pound then dropped to near session lows and is currently trading at $1.31105.

The Dow opened at 24,965.74 and remained flat during the first half of the day before falling to a low of 24,832.52 late in the day. The index rallied off those low to peak at 25,079.15, which is roughly the same level it is currently trading at. The Dax was quite volatile overnight, bucking the flat trend of late. The German index opened at 11,221.88 and shot up to an early high of 11,309.19. The Dax tumbled shortly after, bottoming-out at 11,044.19 late in the day. It staged a late rally and regained some of those losses, closing at 11,185.19.

The day ahead is packed with data, with none more significant than the Non-Farm Employment Change data. This data, along with the Average Hourly Earnings data is used by the Fed Reserve to help it decide future monetary policy settings. This will be an intriguing one to keep an eye on as most of the data collected was during the US government shutdown where government employees were not getting paid and no new employees were added. Whether this will make a substantial impact to the overall number remains to be seen.

Other data released today includes:

China – Caixin Manufacturing PMI

UK – Manufacturing PMI

Canada – Manufacturing PMI

Australia – Commodity Prices

Europe – Swiss Retail Sales and SECO Consumer Climate, French Government Budget Balance, Italian & Spanish Manufacturing PMIs, European, German and French Final manufacturing PMIs, European CPI & Core CPI Flash Estimates

US – Unemployment Rate, Final Manufacturing PMI, ISM Manufacturing PMI, Revised UoM Consumer Sentiment & Inflation Expectations, Construction Spending, Final Wholesale Inventories, ISM Manufacturing Prices, Total Vehicle Sales

Disclaimer: The information in this website is of a general nature only and the advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs. We recommend you seek independent advice if necessary.