A swathe of data is scheduled for release today, with attention turning to the US.

Traders continue to flock to the USD, sending paired currencies down. The EURUSD opened at $1.19108 and ticked up to a high of $1.19281 early in the day. The decline set in shortly afterwards as the euro hit lows of $1.18212 late in the day. It is not far off those lows and is currently trading at $1.18351. The GBPUSD followed a similar path after opening at $1.33827. The pair edged up to a high of $1.34019 early before sliding for a large chunk of the day, eventually hitting a low of $1.32826 late. It has bounced off those lows and is now trading at $1.33290.

Indices surged overnight, shaking off any virus-related fears on global economies. The Dow began the day at 28,661.67 and slipped to a low of 28,627.54 in the first hour of the day. The gains started shortly afterwards and accelerated mid-session, culminating in a high of 29,170.14 late in the day. It has come off those highs and is now trading at 29,042.30. The Dax followed the Dow’s lead after beginning the day at 13,020.03. The German index dipped to lows 13,002.85 early before bouncing back and rallying over the ensuing hours. A brief decline was met with another climb late in the day as the Dax peaked at 13,352.46. It is not far from those highs, currently trading at 13,307.80.

The US comes back into focus as it publishes the latest Unemployment Claims data later tonight. It is expected that a further 955,000 have applied for unemployment insurance in the past week, down from the 1,006,000 recorded the week before.

Other data published today includes:

China – Caixin Services PMI

Canada – Trade Balance

UK – Final Services PMI, BoE Governor Andrew Bailey speaks

Europe – European, German and French Final Services PMIs, Italian and Spanish Services PMIs, European Retail Sales, Swiss CPI

US – ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Natural Gas Storage, Challenger Job Cuts, Revised Non-Farm Productivity and Unit Labour Costs

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