Markets set for a busy week
A whole swathe of data is scheduled for release this week, while central banks feature once again.
The EURUSD started Friday at $1.20144 and dipped to a low of $1.20118 early. From there, it climbed for most of the session, peaking at $1.20991 late. That momentum has continued into the new week with the euro now trading at $1.21065. The GBPUSD opened at $1.38559 and slipped to an opening-hour low of $1.38343. Mid-session trading saw the pair hit a high of $1.38949 before closing slightly lower. It is currently trading at Friday’s high.
The Dow briefly clawed back the large losses it sustained during the previous session when it opened at 33,833.40. It remained steady during the first half of the day, falling away to lows of 33,722.12 mid-session. Rallying off those lows, the Dow reached a high of 34,169.74 late before giving up some of those gains heading into the close. It is now trading at 34,073.30. The Dax opened at 15,260.72 and climbed to a high of 15,323.15 mid-session. It then fell sharply over the next few hours to hit a low of 15,158.20. Bouncing back shortly afterwards, the Dax eventually closed at 15,284.84. It is now trading at 15,275.40.
A host of data is scheduled for publication this week, with GDP figures from the US headlining data releases. The Fed Reserve and BoJ also feature throughout the week.
Data published today and the most significant this week include:
Today – German Ifo Business Climate, US Durable & Core Durable Goods Orders, Belgian NBB Business Climate
Tuesday – BoJ Policy Rate and Outlook Report
Wednesday – Australian CPI and Trimmed CPI, OPEC-JMMC Meetings
Thursday – US Federal Funds Rate, FOMC Statement and Press Conference, US Advance GDP
Friday – China Manufacturing PMI, German Prelim GDP, Canadian GDP
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