A deluge of data set for this week

December 2, 2019

Plenty of data scheduled for publication this week in what shapes up to be a big one for markets.

The EURUSD made some modest gains on Friday after what looked like a negative session. The pair began the day at $1.10067 and was flat in early trading before falling to lows of $1.09804 mid-session. The euro rallied off those lows, peaking at $1.10276 a couple of hours later. It came back a bit but managed to hold onto most of its previous gains. It is now trading at $1.10200. The GBPUSD made some gains on Friday after opening at $1.29096. The pair remained flat early but fell to lows of $1.28786 mid-session. It stayed near those levels for a few hours before climbing to highs of $1.29415 late in the day. It has opened slightly lower and in early Monday trading, is currently sitting at $1.29140.

The Dow endured a rough end to the week, ending Friday slightly lower. The index opened at 28,118.26 and ticked up to a high of 28,126.06 in the first hour of trade. The Dow declined throughout early trading, hitting near session-lows of 28,047 mid-session. It bounced back as it headed to near session-highs of 28,118.00 late in the day before again falling, this time to a low 28,045.18. It has opened higher Monday morning and is now trading at 28,108.50. The Dax ended Friday slightly lower after looking bad early. The German index started Friday at 13,251.55 and declined in early trading, hitting lows of 13,162.57 mid-session. It rallied off those lows, peaking at 13,293.45 late in the day. However, the final hours of the week saw the Dax pull back, where it closed at 13,230.19.

The week ahead is full of data, with some significant data scheduled for release both locally and internationally. The main focus of the week will no doubt be the Non-Farm payrolls data from the US which will be published on Friday.

Data published today and the most significant this week includes:

Today – Australian Building Approvals, Company Operating Profits ANZ Jobs Ads and Commodity Prices, Japan Final Manufacturing PMI, China Caixin Manufacturing PMI, Swiss Retail Sales, European, German and French Final Manufacturing PMIs, Italian, Spanish and Swiss Manufacturing PMIs, UK Final Manufacturing PMI, Canadian Manufacturing PMI, US Final Manufacturing PMI, ISM Manufacturing PMI & prices, Construction Spending, ECB President Christine Legarde speaks

Tuesday – Australian Cash Rate, RBA Rate Statement

Wednesday – Australian GDP, China Caixin Services PMI

Thursday – US ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI, Australian Retail Sales and Trade Balance, BoC Overnight Rate and Rate Statement, RBNZ Governor Adrian Orr speaks, OPEC Meetings

Friday – US Non-Farm Employment Change, Average Hourly Earnings and Unemployment Rate, Canadian Employment Change and Unemployment Rate

 

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