A little late delivering the note today - so will keep it short & sweet. Crude dips, comm-dolls wobble. At the same time, mixed (not bad) Chinese data weighed on risk-appetite, while the BoJ failed to deliver any significant novelty.
To be honest, equities are still rather "dull" and are not inspiring quite yet. Much clearer remain Aud, Nzd and Gbp vs. USD for the moment. Cad instead has been hit harder as Crude has dipped aggressively.
Looking forward GBP traders will be watching UK CPI (expected to drop slightly)& McCafferty (on the wires at 12.30 CET). The markets have been pricing in lower UK rates so many expect negative surprizes to impact pricing less than positive ones.
In the EU, we've already seen German CPI (unsurprisingly dull) and we will see the ZEW later on (expected to drop fiercely, not least on the Volkswagen woes).
Finally, at 14.00 CET, FOMC's Bullard will be on the wires.
No charts for the EU open - Gbp MIGHT be interesting post-CPI. Wait & see mode for now.
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