EUR/USD sits at 1.4485, for all intents and purposes unchanged from where North America closed out Tuesday. Asian trade was confined to a 1.4456-1.4495 range, with an Asian sovereign turning up as a buyer on brief dip to the lower parameter.
Euro zone data due today:
07:45 GMT: French CPI for December expected +0.2% m/m, +0.8% y/y, EU harmonised +0.2%, +0.9%
07:45 GMT: French current account for November
08;15 GMT: German real 2009 GDP growth expected -4.8% y/y
09:00 GMT: Italian industrial production for November expected +1.0% m/m, -7.0% y/y, wda -10.2% y/y
10:00 GMT: Euro zone industrial production for November expected +0.5% m/m, -8.4% y/y
European stocks look like opening marginally firmer.
Talk buy orders 1.4450, stops below. Sell orders 1.4500, probably some stops just above but can’t say i’ve confirmation of such.