A relatively quiet Friday coming up, as a small amount of data is slated for release.

The USD weakened overnight, allowing paired currencies to gain in value. The EURUSD opened at $1.18144 and looked in trouble early, falling to lows of $1.17363. However, the pair rebounded and climbed for the rest of the day, peaking at $1.18518. It is now trading at $1.18544. The GBPUSD endured a wild session overnight after beginning the day at $1.29666. The pound fell to $1.28997, rebounded to $1.29816 and then tumbled to lows of $1.28640 – all by mid-session. There was still life in the pound as it rallied to a late high of $1.29980. It has come off those highs and is now trading at $1.29697.

The Dow ended the day lower after opening at 28,069.57. The index ticked up to a high of 28,112.71 in the first hour of trade before slumping to a low of 27,546.17 mid-session. It spent the rest of the day trying to claw back some of those losses, with moderate success. It is now trading at 27,792.30. The Dax looked set for an ugly session but managed to reverse its fortunes mid-session. The German index began the day at 13,192.53 and fell to lows of 13,029.51 heading into the middle-third of the day. That low seemed to spark some action and the Dax rallied to a high of 13,247.30 late. It has come away from those highs and is now trading at 13,191.40.

Traders will be eyeing the latest Retail Sales figures from the UK later today, as the country looks to introduce lockdowns in the face of growing virus infections. Analysts are expecting Retail Sales to grow by 0.8%, down from the 3.6% recorded at the last reading.

Other data published today includes:

Europe – European Current Account, German PPI

Canada – Retail & Core Retail Sales, NHPI, Wholesale Sales

US – Current Account, CB Leading Index, UoM Consumer Sentiment & Inflation Expectations

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