Daily Market News 23 May 2011

Friday’s Market Movers

  • There was no data released in the UK on Friday.
  • German PPI came out positively in the EU both MoM and YoY, but this failed to have any real impact on the markets and continued the trend of a flat day in the markets.
  • Consumer Confidence was also released for the EU and came out better than expected but this still failed to show any Euro strength in the markets.

Today’s market movers

  • PMI figures for Germany and the Euro zone are due out today. We will see some Euro strength if these figures come in positively.
  • There is no data due out in the UK or US today, continuing the quiet trend that last week ended on.

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EUR/USD