EUR/USD down at 1.4040 from North American close Thursday up around 1.4080. Some trimming of long positions ahead of Bernanke’s speech at the Boston Fed conference at 12;15 GMT. Market will be looking for some QE pointers from the Fed Governor.
Ahead of that we have some euro zone data, but it’s unlikely any of it will move the market very much, if at all:
06:00 GMT: EU 25 new car registrations
08:00 GMT: Italian trade for August expected -1.97 bln
09:00 GMT: Euro zone CPI for September (final) expected +0.2% m/m, +1.8% y/y
09:00 GMT: Euro zone trade balance for August expected +1.3 bln
09:00 GMT: Italian EU harmonized CPI for September (final) expected +0.5% m/m, +1.6% y/y
