European Market Analysis

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Summary

European Market Analysis – Japanese data today have been yen supportive, showing Labor demand to be at its strongest in 40 years while retail sales rose a more than expected 3.2% y/y. YEN strength over night took 3 of our 4 trades from yesterday to T1 for a net gain of +260 pips. Today we have some German inflation figures, Spending & Consumption figures from the US and finally Consumer Confidence figures also from the US.