Little change in overnight Asian trade. Cable main mover

Not too much change from where we left off in North America Friday, after a relatively slow start to weekly forex trade in Asia. The main change is in cable, which has put on about a big figure presently trading up at 1.4070. At the tail end of last week there were reports of decent demand from models, CTAs and leveraged players. That said, there were also reports of decent sell interest up around 1.4100. General risk sentiment is showing some improvement, Asian stocks doing ok overnight, and this will be lending cable support.

For today, there is little in the way of meaningful economic data releases in Europe:

09:00 GMT: Italian CPI (Feb-final) expected 0.2% m/m, 1.6% y/y

10:00 GMT: Euro zone CPI (Feb-final) expected 0.4% m/m, 1.2% y/y. Core 1.5% y/y

10:00 GMT: Euro zone employment Q-4

16:30 GMT: ECB’s Trichet to speak at CFS Presidential lecture in Frankfurt.