Up and Up went the Euro.

Euro saw a nice rally yesterday. Being boosted by the Basel III and strong equities.

Cable on the other hand dropped due to the poor UK house price data which is the worst since May 2009.

Yen drifted back to the mid 83 levels with lower US yields. We have today the DPJ elections, which can affect the yen. If Ozawa gets the majority, we could see the yen pushing higher.

Aussie did well over night as well, trading to a high of 0.9263.  Not much data on the Aussie front, so keep a watch on tonight’s US retail sales.

Data Today

DPJ Election results

Japan industrial production

Euro zone ZEW – 9am GMT

German ZEW – 9am GMT

UK CPI – 8.30am GMT

US retail sales – 12.30pm GMT