A stack of data is scheduled for release this week, while central banks are expected to fill plenty of news headlines.

The EURUSD opened Friday at $1.19846 and edged up to a high of $1.19880 early. It fell from those highs and hit lows of $1.19091 mid-session. The euro bounced off those lows, regaining some of its earlier losses. It is now trading at $1.19477. The GBPUSD began Friday at $1.39836 and lifted to an early high of $1.40041. It tumbled from those highs and bottomed-out at $1.38624 heading into late trading. It rebounded in the dying hours of the week and is now trading at $1.39242.

The Dow had a field day on Friday when it opened at 32,489.49. It remained steady for a few hours, dipping to lows of 32,386.70 mid-session. It surged off those lows, peaking at 32,820.71 just before the close. The upward momentum has continued and the Dow is now trading at 32,906.73. The Dax opened and closed flat after looking weak for most of the session. The German index started the day at 14,564.99 and crept up to a high of 14,576.40 in the first of trade. The decline began shortly afterwards and accelerated mid-session, where it hit a low of 14,451.72. It then pegged back most of those losses late in the day and eventually closed at 14,564.90.

The week ahead is dominated by central banks with the Fed Reserve, BoE and BoJ all holding meetings. Data published today and the most significant this week includes:

Today – China Industrial Production, Retail Sales, Fixed Asset Investment and Unemployment Rate, Japanese Tertiary Industry Activity, German WPI, Canadian Housing Starts and Manufacturing Sales, US Empire State Manufacturing Index

Tuesday – US Retail & Core Retail Sales, BoJ Governor Haruhiko Kuroda speaks

Wednesday – Canadian CPI, Dutch Parliamentary Elections

Thursday – US Federal Funds Rate, Crude Oil Inventories, FOMC Statement, Economic Projections, BoE Official Bank Rate and Monetary Policy Summary, Australian Employment Change and Unemployment Rate, NZ GDP

Friday – BoJ Policy Rate, Monetary Policy Statement and Press Conference, Canadian Retail & Core Retail Sales

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