Plenty of data is scheduled for publication today, with the US coming into focus.

The EURUSD made some modest gains to start the week. The pair opened at $1.13010 and after lifting slightly early but then slipped to lows of $1.13003 mid-session. It climbed off those lows and hit a high of $1.13742 late in the day. It has come off those highs and is now trading at $1.13406. The GBPUSD was belted overnight after starting the week at $1.26202. The pair climbed early, hitting a high of $1.26654 mid-session. Those highs were not held for long as the losses began to pile up during the back half of the day, with the pound tumbling to lows of $1.25494. It is currently trading at the same level.

The Dow looked set to start the week like it ended the last until a sell-off late in the day erased earlier gains. The index started the week at 26,273.67 and remained flat for half of the day before climbing to a high of 26,646.12 late in the day. The sell-off was swift and led the Dow to fall to lows of 26,032.52. It has come off those lows and is now trading at 26,141.47. The Dax opened at 12,726.62 and peaked at 12,875.47 early in the day. The index gave up some of those gains and remained steady for most of the session. A sell-off late in the day saw the Dax hit lows of 12,530.32. It is now trading at 12,588.27.

The day ahead is a busy one for markets, with a stack of data being released. The US will be publishing CPI & Core CPI later tonight, with inflation expected to rise by 0.5% and core inflation tipped to rise by 0.1%.

Other data published today includes:

China – Trade Balance, USD-Denominated Trade Balance

Japan – Revised Industrial Production

Europe – European & German Economic Sentiments, Swiss PPI

US – NFIB Small Business Index, FOMC Member Lael Brainard speaks

UK – GDP, Construction Output, Goods Trade Balance, Industrial & Manufacturing Production, Index of Services, NIESR GDP Estimate

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