With a national holiday in both the UK and the US both trading volumes and news in the forex market where very thin on the ground with the only item of any significance being the release of the German IFO Business Data which came in worse than expected at 84.2 against a forecast of 85.1 and bringing a temporary halt to the slight improvement of the last few months.  This morning sees a busy day in Europe which began with the German consumer climate followed by the final GDP numbers and import prices also for Germany, all of which came in on target except for the last of these which was marginally worse than expected.  This was followed by French consumer spending which shows an improving picture with a figure of 0.7% against a forecast of -0.4%.   The next release of fundamental news on the economic calendar was the current account for Europe which again was better than expected at -6.5bn against a forecast of -7.bn and this morning rounded off with industrial new orders which came out worse than expected at -0.8% against a target of +1%.

This afternoon we continue the European theme with Belgian NBB business climate data which is forecast to come in -27 against a previous of -29.4 and this is followed by the only significant item of news for the US which is the CB consumer confidence index.  This is a leading indicator of consumer spending and is based on a survey of around 5000 households which asks respondents to rate the current and future economic climate for a variety of topics.  The index is forecast to come in 42.7 against a previous of 39.2.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.