A deluge of data awaits markets
A smorgasbord of data is scheduled for publication this week in what is sure to bring some volatility to markets.
The EURUSD opened Friday at $1.12803 and declined in early trading, hitting lows of $1.12537. Mid-session saw the pair bounce back as it climbed to a high of $1.13243 late in the day. It has come off those highs and is now trading at $1.13119. The GBPUSD started Friday at $1.26051 and fell to lows of $1.25660 mid-session. The pound rallied off those lows, peaking at $1.26639 late in the day. It has given up dome of those gains and is now trading at $1.26384.
Indices surged on Friday, with the Dow leading the charge. It started the session at 25,704.85 and quickly fell to lows of 25,414.78. It rallied off those lows and hit a high of 26,128.02 before closing at 26,104.13. It has opened higher on Monday and is currently trading at 26,227.61. The Dax followed the Dow’s lead after opening at 12,589.48. The German index dropped to a low of 12,393.80 before rebounding and powering its way to a high of 12,715.64. It has opened higher to start the week and is now trading at 12,757.29.
The week ahead sees the release of a stack of economic data, culminating with the publication of Retail & Core Retail Sales figures from the US on Thursday night.
Data published today and the most significant this week includes:
Today – German WPI, Japanese Tertiary Industry Activity
Tuesday – UK GDP, China Trade Balance, BoE Governor Andrew Bailey speaks
Wednesday – US Industrial Production, BoJ Policy Rate, Outlook Report and Monetary Policy Statement
Thursday – US Retail & Core Retail Sales, Unemployment Claims, ECB Main Refinancing Rate, Monetary Policy Statement and Press Conference, China GDP, UK Claimant Count Change, Australian Employment Change & Unemployment Rate, BoC Overnight Rate, Rate Statement and Monetary Policy Report. NZ CPI
Friday – US Building Permits and Prelim UoM Consumer Sentiment, BoE Governor Andrew Bailey speaks
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