Tuesday, November 9, 2010

is there a trend change in the Euro?


Euro seems to be in a bit of a fix at the moment. Rising credit spreads on Irish debt and German data coming in mixed last night with a fall in industrial production buy an increase in exports. We saw the Euro come off quite a bit down to just below 1.3850.

Some data out tonight that could bring some movement into the other pairs.

Data today:
UK manufacturing production – 9.30am GMT
UK industrial production – 9.30am GMT
UK trade balance – 9.30am GMT
German CPI – 7am GMT
US wholesale inventories – 3pm GMT

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