Quick Friday morning update...  Check last nights post for more details...

CHI data came out slower than expected.  Global stocks will likely sell off and the USD will be bought as a safe haven.

GER CPI is picking up... This is good it shows some consumer demand is coming in which is bullish for the EUR. However this is highly unlikely to over power the very negative effect the Greek govt is having on the EUR and the EU, any rally is likely to be short lived.

Good luck guys.