Early data from Europe this morning has been negative. The German Factory Orders missed its estimate badly and actually turned in a minus -2.8% result.

French Industrial Production figures were also disappointing with a minus -0.7% outcome. Yesterday the broad European Sentix Investor Confidence reading was underwhelming too.

The data results highlight that Europe has not attained legitimate growth ratios in many respects and remains a suspect economically.

The EUR however is maintaining the upper reaches of its value this morning. While the Single Currency has lost a bit of value this morning traders who have been staying with its trend versus the USD have likely found profits.

Gold as of this writing is near 1310.00 USD.

The U.S. will have a 10-year Bond Auction today and before that Preliminary Non-Farm Productivity statistics will be published.

Tomorrow German Industrial Production numbers will be released and the ECB, along with the BoE, will take center stage regarding their respective monetary policies.