I’m going to see how many times I can write the above headline this year. I reckon at the rate we’re going it could be quite a high tally.
EUR/USD sits at 1.2985 pretty much where it closed out Tuesday in North America. The pairing did pop higher overnight. And guess where it toppped out, yes 1.3016. Those with a good memory will remember we reported decent-sized sell orders up at 1.3000/20 around this time yesterday. And so it proved. Yipeeeeee. Sean advises stops through 1.3025, which sounds good to me.
Euro zone data due today:
07:45 GMT: French central govt balance for November. Current account.
08:00 GMT: German public finances balance-GDP ratio Dec31
08:00 GMT: German real GDP growth Dec31
09:00 GMT: Italaian industrial production for November expected +0.6% m/m, +4.7% y/y
10:00 GMT: Euro zone industrial production for November expected +0.5% m/m, +5.9% y/y.
And we have the little matter of a Portuguese bond auction. Anyone know when we can expect the results let me know. Probably be much to do about nothing, ho hum.
