EUR/USD experiences narrow range trade in Asia
EUR/USD sits at 1.3600, unchanged from where it closed out Tuesday in North America, with Asian trade confined to very narrow 1.3588-1.3613 range.
Euro zone data due today:
07:00 GMT: German trade for January expected 14.5 bln, current account 15.0 bln
07:00 GMT: German CPI for February (final) expected +0.2% m/m, +0.4% y/y
07:45 GMT: French industrial production expected +0.1% m/m, +1.7% y/y manufacturing production +0.2% m/m
09:00 GMT: Italian industrial production expected +0.7% m/m, -3.7% y/y
10:00 GMT: Italian Q4 GDP (final) expected -0.2% q/q, -2.8% y/y
Would expect to see renewed sovereign buy interest emerge on any dips to 1.3550. Stops seen through 1.3525. Stops on topside through 1.3630.

AUTOREFRESH 
















Good morning Gerry. Do you think there’s any chance of a ‘discount’ from the land of good-news-only (Australia) before emp. data? Currently long USDCAD and debating just entering A$ @ market since the dips are hard to come by.
Morning Gerry! I have the German CPi etc at 0700 (from your Economic Calender) but above you say 0800 GMT – anywhere I or you could double check these pls? Wondering if I have time for bacon sarnie before things might move?! Thx, G
Hi Guy, thks for heads up. yes it was wrong time. ive gotten in habit over years of using a calendar, not ours. They seem to have recently employed the local village idiot to fill in calendar. best i start using another, I guess
No worries Gerry – actually I spotted your new News Int’l column saying 0700 too so held up on doing the sarnie – might get one now though!! Cheers
Enjoy the sarnie. I like MNI’s calendar stuff. tHey also give who’s peaking during the day, which is very useful.
speaking, that is. i need some strong coffee to wake up properly. .
Morning Gerry, was really dissapointed to hear the news! being a life long Spurs fan !!
I’ll put a pot on Gerry and email you a cup?!
Boy, Spurs fan!!!!. Sorry to hear that Steve. All those years of suffering………
It might of been that , that tipped me over the edge 10 years ago!
slowly improving this year, but still lacking something!
anyhow how low today? don’t think my pension ’s looking too safe?
Hi Zeke sorry for getting back a bit late on aussie. Haven’t been following aussie too closely of late. You’re best off asking Sean as to possible timing of rate hike to be honest. Suffice it to say he seems quite bullish the aud. I also found Jamies comments on AUD/JPY interesting yesterday with custodials buying aggressively. Hasn’t really looked back since.
1.4880 seems well documented support with stops apparently parked just below there. Might even have seen low today