Good morning my fellow europeans! Having a lucky friday the 13th!

Before we get to today’s events, let’s just recap the Asian session’s activity eh?

New Zealand and Japan were the busy markets tonight. New Zealand fell on monthly Retail Sales with -.5%, while the Retail Sales Indexes were at positive with a 1% over a .5%.

In Japan, The overnight rate call was spot on at .5%, and Industrial Production has improved to -.2% from -.3% from last month. The bad news was with the Household Confidence, where the Index (33.9) has just fallen short of expectation at 34.5. We are still waiting for the Bank of Japan Reports for the Month and forthcoming Press Conference.

Australia had a podium piece from Reserve Bank Governor Glenn Stevens. Stevens was gloating about with Monetary Policy and highlighting that he strongly supports the interest rate, which is keeping inflation at bay.

Ok, Here is the European News to Look Out For:
Europe has only a few things going for the forex markets today…

Just a reminder, that the G8 Finance Meetings are going on in Osaka Japan, for those who are watching for the meetings and any newsbites.

Around this time, the German Consumer Price Index is expected out. Look for the magic number to be .6%

GoForexTrade.com orders: get some breakfast and relax, because the next major event is not for three hours, as of 900GMT, Europe will put out Employment Change Quarterlies and Annual Labor Cost Indices.

And also another footnote as well, we are still waiting for the results of Ireland’s referendum on the Lisbon Treaty. This is a yes or no vote that will effect the possibility of the EU having the contents of the Lisbon Treaty going into effect.

See you in about 6 hours with the US report!!!

TRADE ON!

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