The week ahead for markets
A swathe of data is scheduled for publication this week as it shapes up to being another busy one for markets.
The EURUSD opened Friday at $1.19564 and slipped to an early low of $1.19496. Bouncing off those lows, the euro climbed to highs of $1.19943 mid-session. It came away from those highs, closing the week at $1.19814. It has started Monday lower and is now struggling at $1.19429. The GBPUSD began Friday at $1.37847 and declined to lows of $1.37148 mid-session. Rallying off those lows, the pound powered its way to a late high of $1.38403 before closing at $1.38394. It has opened Monday lower and is now trading at $1.38175.
Indices ended Friday higher, capping off a strong week. The Dow opened at 34,061.29 and dipped to an early low of 34,004.65. It remained near those lows for a few hours before climbing late, peaking at 34,268.40 and closing at 34,185.21. It is currently trading at 34,124.30. The Dax performed strongly on Friday after it opened at 15,285.55. It slipped to an early low of 15,269.45 before rebounding and closing at a high of 15,523.73. It is now trading at 15,496.40.
The week ahead sees a stack of data being released, while central banks will also feature at various times. Data published today and the most significant this week includes:
Today – Japanese Revised Industrial Production, European Current Account, German Buba Monthly Report, Canadian Annual Budget Release and Housing Starts
Tuesday – UK Claimant Count Change, Average Earning Index and Unemployment Rate
Wednesday – UK & Canadian CPIs, Australian Retail Sales, BoE Governor Andrew Bailey speaks
Thursday – ECB Main Refinancing Rate, Monetary Policy Statement and Press Conference, BoC Overnight Rate, Rate Statement, Monetary Policy Report and Press Conference, US Unemployment Claims and Crude Oil Inventories
Friday – US, UK, European, German and French Flash Services & Manufacturing PMIs, UK Retail Sales
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