With absolutely no fundamental news on the economic calendar for the US this afternoon the only items for today relate to Europe with the German PPI and the Italian Unemployment Rate.  The first of these is considered a leading indicator of consumer inflation and once again it was bad news for the German economy with prices falling by 3.6% year on year, the biggest annual decline since April 1987 – so much for inflation fears – the spectre of deflation will just not go away.  However, on a month on month basis prices overall remained unchanged at 0%.  The Italian unemployment rate rose to 7.3%, its highest since 2005 as job losses increased amidst the worst recession in more than 30 years.  The figure was as forecast and therefore came as no great surprise to the market.

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.