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The Euro remains upbeat

  • GBP - CPI y/y
  • CHF - SNB Chairman Jordan Speaks
  • GBP - RPI y/y

EUR/USD broke a key psychological level late last night and early this morning as the strong Euro sentiment continued.

It seems that the Euro is remaining upbeat.

  • CNY - GDP q/y
  • USD - Building Permits
  • USD - Crude Oil Inventories

However, there was a rebound today due to doubts around the success of the German coalition, but overall markets are positive that the ECB are going to call an earlier than expected end to its QE programme and therefore EUR/USD remains buoyant.

In the States, House Republicans are close to agreeing a short-term funding bill that would keep the government open through February 16. The Proposal includes an extension to the Children Health Insurance Program with the vote scheduled for tomorrow.

A raft of Chinese data is scheduled early tomorrow morning, this includes Industrial Production, fixed asset investment and the headline GDP figure, forecast to slow to 6.7%. In the European session, we have German Buba President Weidmann speaking and US building permits scheduled for release.