Yer, chance would be a fine thing. No rest for the wicked.
EUR/USD sits at 1.4485, marginally lower from a North American close Thursday up around 1.4505.
Eurozone data due this morning:
06:00 GMT: German CPI for May expected flat m/m, +2.3% y/y, EU harmonised -0.2% m/m, +2.4 y/y. Wholesale price index for May (haven’t got any forecasts on this one, guess no one cares)
06:45 GMT: French industrial production for April expected +0.4% m/m, +3.9% y/y; manufacturing production expected +0.3% m/m, +4.1% y/y
08:00 GMT: Italy Q1 GDP (final) expected +0.1% q/q, +1.0% y/y
Raft of ECB’ers going to be spouting off. Load of inane dross no doubt:
06:50 Trichet (not him again, well at least I didn’t have to put up with him yesterday)
07:30 GMT: Constancio talking about his hobby of paper aeroplance making
11:00 GMT: Gonzalez Paramo talking about his hobby of fairy cake making
13:15 GMT: Stark just being his normal boring self talking about global financial matters
Well, what we got in the flow bag; Sean says there are decent bids down around 1.4450 which is good enough for me. Stops below there. Sell orders clustered up at 1.4550/65. I’d really like to see us trade between 1.4450-1.4565 throughout the whole summer so I can sit around and do next to nothing. Fingers crossed
