A relatively quiet Friday coming up, as-far-as volume of data releases is concerned. However, Friday’s have a knack of throwing up some surprises.

The EURUSD opened Thursday at $1.14059 and declined early, reaching a near-session low of $1.13775 midway through the day. It rallied off those lows, hitting a high of $1.14410 late before falling to lows of $1.13699. It has come off those lows and is now trading at $1.13904. The GBPUSD began the day at $1.25864 and fell over the first half of the day, hitting lows of $1.25190 mid-session. It powered off those lows, peaking at $1.26244 late in the day. However, it has given up a large chunk of those gains and is now trading at $1.25655.

Indices were largely flat overnight, following on from a timid trading session the day before. The Dow opened at 26,924.48 and edged up to a high of 26,975.17 in the opening-hour of the day. It declined slowly throughout the day, eventually bottoming-out at 26,581.22 shortly before the close. It has come off those lows and is now trading at 26,754.50. The Dax started the day at 12,881.55 and slid to lows of 12,798.92 mid-session. It bounced off those lows, hitting highs of 12,919.19 in the final hour of trade. It is not far off those highs and is now trading at 12,897.43.

The day ahead sees focus remain on the US and the release of a few pieces of data. The US will be publishing Building Permits data later tonight as the country tries to re-open in the shadow of the coronavirus. Building Permits are expected to rise by 1.3 million, up slightly from the 1.22 million recorded in the previous month.

Other data published today includes:

Canada – Wholesale Sales

UK – BoE Governor Andrew Bailey speaks

Europe – Final CPI and Final Core CPI

US – Housing Starts, Prelim UoM Consumer Sentiment & Inflation Expectations

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