A deluge of data is set to hit markets this week as the holiday season approaches.

The EURUSD opened and closed flat on Friday but threatened to both fall below $1.11 and climb above $1.12 all during the opening hour of trade. The pair began the day at $1.11279 and fell to lows of $1.11012 before rallying to a high of $1.11990. It came off those highs slightly and was steady for a large part of the day before falling late in the day, closing the week at $1.11179. It has opened the week a touch higher, currently trading at $1.11249. The pound exploded on Friday as news filtered through that Boris Johnson was headed for a commanding win in the UK election. The GBPUSD opened Friday at a low of $1.31623 and surged to a high of $1.35131 all within the first hour of the trading day. The pound remained near those levels for a few hours before sliding back, giving up a chunk of its earlier gains, before closing at $1.33328. It has basically opened at an identical level and is currently trading at $1.33386.

The Dow was largely flat on Friday, closing the day slightly lower. The index began the day at 28,202.15 and traded in a tight range for most of the day, bumping up to a high of 28,284.57 late before falling to lows of 28,021.67. It bounced off those lows and closed at 28,157.00. The Dax opened and closed flat on Friday despite a promising start to the day. The German index opened at 13,332.26 and climbed to a high of 13,459.30 early in the day. It came off those highs shortly afterwards and continued its slide until it hit a low of 13,253.51 late in the day before closing at 13,308.61.

The week ahead sees the publication of a stack of significant market data, while the UK gears up for progress on the Brexit front. Data published today and the most significant this week includes:

Today – China Industrial Production, Fixed Asset Investment, Retail Sales and Unemployment Rate, Japan Flash Manufacturing PMI and Tertiary Industry Activity, UK Flash Manufacturing & Services PMIs, Rightmove HPI, European, German and French Flash Manufacturing & Services PMIs

Tuesday – US Flash Manufacturing & Services PMIs, UK Bank Stress Test Results, Australian RBA Monetary Policy Meeting Minutes, NZ ANZ Business Confidence

Wednesday – UK CPI

Thursday – BoE Official Bank Rate & Monetary Policy Summary, UK Retail Sales, BoJ Policy Rate & Monetary Policy Statement, Australian Employment Change and Unemployment Rate, Canadian CPI, NZ GDP

Friday – UK Current Account and Final GDP, US Final GDP and Treasury Currency Report, Canadian Core Retail Sales

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