Tuesday, February 15, 2011

little quiet on valentines day


Seemed like the fx market was on it’s own mini valentines day. Apart from the Euro, we didn’t see to much action yesterday on the markets.

The Euro still remains under pressure after European finance ministers met yesterday and provided very little clarity about solutions to the region’s fiscal problems. Several Eurozone officials spoke, but none of the comments were noteworthy.

We have quite a lot of data coming out this evening, with the UK CPI and US retail sales being the biggies! So keep a watch out on the markets around these data times.

A quick update on my trades:
My Aussie trade (link to aussie trade) from last week got stopped at 1.0020. I gained 76 pips on this trade!

Data today
German GDP – 7am GMT
Eurozone GDP – 10am GMT
German ZEW survey – 10am GMT
Eurozone ZEW survey – 10am GMT
UK CPI9.30am GMT
US Empire Manufacturing – 1.30pm GMT
US Net long TIC flows – 2pm GMT
US Retail Sales – 1.30pm GMT

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