It's back to work, and markets have opened.
Here's a bit of a recap of what happened on friday:
Eurozone GDP came out much better than expected, but we still saw the Euro crash against the dollar! Seems like the risk aversion sentiment is much stronger, and probably a lot of positions were taken out for the week end. Along with the Euro, we did see the Aussie and Cable run lower too, as there weren't any data out from these countries on friday.
We had japan's GDP out this morning which came out much lower at 0.1%. There is still the fear of intervention on the horizon, so i think we're going to be seeing a pretty cautious market maybe some volatility in the yen.
There is some economic data out today from the Eurozone and the U.S:
Eurozone CPI - 9am GMT
US Empire Manufacturing - 12.30pm GMT
US TIC flows - 1pm GMT
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