European markets are expected to open on a negative note.
The Euro was under pressure against its major counterparts. In Europe, French consumer prices were up by 0.6% in February after a 0.6% slid the month before. Economists expected a 0.5% increase.
Gold was up $5.6 to $1372.5. The precious metal was above its 20D MA (@ $1337) and above its 50D MA (@ $1287).
Copper Future (MAY 14) on Comex was down 3.9c to 292.3c/lb. The contract was below its 20D MA (@ 330.62c) and below its 50D MA (@ 326.76c). The 14d RSI below 30 (20.59) indicates Copper Future (MAY 14) contract was oversold. In Europe, the London Metal Exchange reported its copper inventories decreased 2225 tons to 253275 tons.
Today's Economic Events
UK 09:30: JAN Trade Balance Non EU25 (Mln GBP): -2600
GE 07:00: FEB CPI - EU Harmonised (MoM): 0.5%
UK 09:30: APR Visible Trade Balance (Mln GBP): -8600
US 13:55: FEB U. of Michigan Confidence: 82