Latest German trade data out now

  • €+20.5bln prev revised down from +20.6bln

  • current account +€25.6bln vs +26.7bln exp vs +24.3bln prev revised down from +24.7bln

  • exports SA mm -1.6% vs +0.5% exp vs +0.5% prev revised up from +0.4%

  • imports SA mm -1.6% vs -0.5% exp vs +1.3% prev revised down from +1.6%

Another disappointing set of numbers and a reality check on the problems currently faced and ahead for the Eurozone's largest economy.

EURUSD still kicking around 1.1200 waiting for its next equity fix.