There was little fundamental news on the economic calendar for Europe this morning other than the European Trade Balance Figures which came in better than expected at -0.3bn against a forecast of -1.5bn.  The figure measures the difference in value between imports and exports for all goods and services during the previous month and still show the Eurozone is importing more than it is exporting although at a slower rate.   The focus of attention now shifts to the US where we start with the CPI figures (Consumer Price Index) which is forecast at 0.3% with the Core CPI (the more significant of these two numbers) forecast at 0.1%.  These figures are bracketed with the Current Account Data which is also released at the same time and is forecast at -85bn.

Later in the day we have the crude oil inventories which are expected to show a further fall the result of which could be interpreted either positively or negatively as a fall could indicate either higher demand or reduced supply.  Finally we have a speech from Fed Chairman Ben Bernanke entitled “Community Development, Financial Institutions” to be delivered in Washington.

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.