UK Trade Balance
UK Trade Balance came in at -8.6 Bln, weaker than the -8.3 Bln expected.
Gbp/Usd has dropped about 20 points inlast 30 minutes since release.
German economy grew 3.0% in 2011, as expected
German budget deficit (26.7 bln euros) at 1.0% of GDP last year.
Eur/Usd trades at 1.2755, unchanged.
1-11 Economic Calendar
Fitch unlikely to downgrade France in 2012
Euro stronger with Eur/Usd up to 1.2790 and Eur/Jpy to 98.25,
French Mfg. & Industrial Production stronger than expected
French mfg. production m/m came in at 1.3%, stronger than the -0.4% expected.
Industrial production m/m came in at 1.1%, stronger than the -0.2% expected.
Eur/Usd did not feel the positive affects from this data as one would anticipate. The pair has dropped 10 points to 1.2775 since release.
1-10 Economic Calendar
German Ind. Production down 0.6% from prior month
A decline of 0.5% was expected. Eur/Usd has given back some of its session gains as the pair trades at 1.2750.
E/Z Sentix Investor Confidence improved over prior month
Sentix investor Confidence came in at -21.1, stronger than the -23.8 expected and -24.0 reading for prior month.
Eur/Usd made a new session high of 1.2785, the pair currently trades at 1.2781.



