A smorgasbord of data today could bring some market volatility as we head into the weekend.

The EURUSD looked set for a strong session with the pair breaking through the $1.14 barrier at one stage. The euro opened at $1.13680 and remained flat in early trading. Mid-session trading saw the euro rally to a high of $1.14189 before falling just as quick, hitting lows of $1.13586 just a few hours later. It has come off those lows and is currently trading at $1.13691. The GBPUSD remained largely flat but still weakened overnight. The pair opened at $1.33048 and bumped up to a high of $1.33189 a short time later. A slow a gradual decline set in for the rest of the session, with the pound falling to lows $1.32523 late in the day. It is currently trading at $1.32632.

The Dow weakened overnight, despite a better-than-expected GDP result. The index opened at 26,016.69 and fell throughout early trading, bottoming out at 25,879.52. The Dow bounced off that low in mid-session trading, rallying to a high of 26,029.45. It gave up those high quickly however, falling during late-day trading. It is currently at 25,914.72. The Dax bucked the trend after opening the day at 11,453.24. The German index fell sharply to an opening-hour low of 11,397.46. The Dax then turned it around, surging to a high of 11,538.79, which was reached late in the session. The Dax closed at 11,513.58.

The day ahead sees the release of a stack of data as we round out the week. Data released today includes:

China – Caixin Manufacturing PMI

Canada – GDP, Manufacturing PMI

Australia – HIA New Home Sales, Commodity Prices

Japan – Final Manufacturing PMI, Consumer Confidence

UK – Manufacturing PMI, Net Lending to Individuals, M4 Money Supply, Mortgage Approvals

US – Core PCE Price Index, Personal Spending, Personal Income, Final manufacturing PMI, ISM Manufacturing PMI & Manufacturing Prices, Total Vehicle Sales, UoM Consumer Sentiment & Inflation Expectations

Europe – European Unemployment rate, European CPI & Core CPI Flash Estimate, Italian Monthly Unemployment Rate, German Unemployment Change, German & Swiss Retail Sales, French Government Budget Balance, European, German and French Final Manufacturing PMIs, Italian, Spanish and Swiss Manufacturing PMIs

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.