European markets are expected to start on a positive note.
The Euro was under pressure against its major counterparts. In Europe, Germany trade balance was an excess of E16.4B in March compared to an excess of E16.2B in February. Exports decreased by 1.8% while imports were down by 0.9%. UK industrial production fell by 0.1% in March after a 0.8% increase the month before. Economists anticipated a 0.2% decline.
Gold was about flat to $1288.8. The precious metal was below its 20D MA (@ $1297) and below its 50D MA (@ $1314).
Copper Future (JUL 14) on Comex was up 2.4c to 308.6c/lb. The contract was above its 20D MA (@ 304.03c) and above its 50D MA (@ 305.13c). In Europe, the London Metal Exchange reported its copper inventories decreased 4700 tons to 208325 tons.
Conference: 4th EDPD 2014 European Data Protection Days; European Data Protection Day