Yes folks the data risk event of the morning is almost here along with the EZ trade balance
Expectations are:
EURUSD is seeing some slippage but EURGBP finding good demand into 0.7345 ahead of larger bids at 0.7335 which is pulling cable a little lower too. EURJPY is breaking lower as USDJPY stays around 119.15
Jury still out but hopefully we'll get a clearer picture after the data, although no doubt traders will then look to the US for inspiration in what has been a somewhat lacklustre session so far
EURUSD currently 1.1358 EURGBP 0.7348 EURJPY 135.33
