low liquidity last night. May see movement today.

A quiet session last night due to the US being on holiday. We saw the USD trade in a mixed manor, where it made gains against the Euro but weakened against the Aussie and Kiwi.

Yen struggled to test the topside and traded heavily down to 82.40.

Cable benefitted from the selling of Euro crosses as market bought Aussie and cable against the Euro.

We have quite a bit of data coming out tonite so we may just see some movement today.

Data today

Japan industrial production – 4.30am GMT

Japan capacity utilization -4.30am GMT

Japan machine tools order -4.30am GMT

UK CPI – 9.30am GMT

German ZEW survey -10am GMT

Eurozone ZEW survey – 10am GMT

US Empire Manufacturing – 1.30pm GMT

US total net TIC flows – 2pm GMT

US NAHB housing market index – 3pm GMT