European markets are expected to start on a positive note.
The Euro was firm against its major counterparts. In Europe, euro zone consumer prices increased by 0.3% in February after a 1.1% decline in January. Economists anticipated a 0.4% gain.
Gold was down $15.9 to $1367.2. The precious metal was above its 20D MA (@ $1342) and above its 50D MA (@ $1293). The 14d RSI above 70 (73.11) indicates gold was overbought.
Copper Future (MAY 14) on Comex was about flat to 295.1c/lb. The contract was below its 20D MA (@ 330.62c) and below its 50D MA (@ 326.76c). The 14d RSI below 30 (24.36) indicates Copper Future (MAY 14) contract was oversold. In Europe, the London Metal Exchange reported its copper inventories increased 2075 tons to 253375 tons.
Today's Economic Events
EC 10:00: JAN Euro-Zone: Trade Balance (Bln) (MoM): NA
US 12:30: FEB Consumer Price Index (MoM): 0.1%
GE 10:00: MAR Zew Survey (Econ. Sentiment): NA
GE 10:00: MAR Zew Survey (Current Situation): NA
US 12:30: FEB CPI - Ex Food & Energy (MoM): 0.1%
US 12:30: FEB Housing Starts (Thsd): 915
US 12:30: FEB Bulding Permits (Thsd): 963