We saw good weakness in the EUR overnight and traders will be keen to look out for German (regional) CPI tonight; however the more important metric will be M3 money supply. Along with inflation, this is the main data point the ECB look at and while the market expects a slight uptick to 1.1% (from 1%) a weaker read should push EUR/USD lower. I suggested shorts ((VIEW LINK) on February 17 and a closing break of 1.3660 would be a further negative development.


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Chris Weston


Canaccord Colts

is that 8pm tonight Chris?