A stack of data set for release this week, while political events may also cause movements in markets.

The EURUSD opened and closed reasonable flat but was quite active throughout the day. The pair opened at $1.13333 and climbed in early trading, reaching as high as $1.13509 before falling in mid-session trading to a low of $1.13153. It quickly bounced off those lows and rallied to a high of $1.13546 a short time later. It could not hold onto those highs and lost around half of those gains. It is currently trading at $1.13333. The GBPUSD looked set for a negative session, until a late rally put it into positive territory. The pair opened at $1.30349 and remained flat in early trading. Mid-session trading saw the pound drop to a low of $1.29671. It rallied off that low, climbing to a high of $1.30792 late in the day. It has come off those highs and is currently trading at $1.30526.

The Dow returned to winning ways after opening the day at 25,843.84. The index dipped to an early low of 25,815.31 before rallying for most of the session after that, peaking at 26,054.21 late in the day. Despite some movements during the dying hours of the trading week, the Dow still managed to close at 26,015.01. The Dax performed strongly on Friday, ending the session in positive territory. The German index opened at 11,424.85 and dropped to an opening hour low of 11,398.16. From that low, the Dax rallied to a high of 11,503.01 a short time later. The Dax spent the rest of the session trying to hold onto those gains, eventually closing at 11,459.15.

The week ahead is packed with data that could bring volatility to markets. Away from economic data, there are a few geopolitical matters that are worth keeping an eye on. Trade negotiations between the US and China continue, Brexit negotiations are ongoing, Trump will meet the North Korea’s leader and special counsel Robert Mueller looks to wrap up his investigation into Russian collusion with the Trump campaign.

Data released today and the most significant this week includes

Today – Japanese SPPI, US Final Wholesale Inventories, BoE Governor Mark Carney and FOMC Member Richard Clarida speak

Tuesday – UK Inflation Report Hearings

Wednesday – CB Consumer Confidence, Fed Chair Jerome Powell testifies

Thursday – Australian Private Capital Expenditure, NZ ANZ Business Confidence, Canadian CPI, Fed Chair Jerome Powell testifies

Friday – US Advance GDP and ISM Manufacturing PMI, Canadian GDP, Fed Chair Jerome Powell testifies

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