Economic Goings On
- French CPI 0.2% m/m Vs +0.3% expected.
- French Govt Budget Balance -29.9B Vs -8.1B previously.
- French Industrial Production -0.5% m/m better than the expected -1.1% with the previous months result being revised down to -3.9%
- OECD Feb leading indicator falls to 92.0.
- China’s trade surplus widens to 18.6bio in March.
- OECD Feb unemployment rises 0.3% to 7.3%.
- For a table containing the data released today so far please click here.
- The only piece of data remaining for Friday is the US Federal Budget Balance due out at 18:00 GMT with -156.3B the market consenus.
Foreign Exchange Market Goings On
- Nothing going on of note worth mentioning other than tight ranges since Japan went home for the weekend. My best advice, sit on your hands til Tuesday when Easter is over and done with then it will be back to business as usual and EUR/USD will be headed to 1.2880/50.
- For an idea of the price action so far i have included a chart of the majors and the Euro crosses.