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Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
The German bunds slumped during European session on the second trading day of the week Tuesday as investors await to witness the country’s super-long 30-year auction, scheduled to be held on March 13 by 10:40GMT. Also, Eurozone’s consumer price inflation (CPI) for the month of February, due by end of this trading week, will add further direction to the debt markets.
The German 10-year bond yields, which move inversely to its price, surged nearly 4 basis points to 0.101 percent, the yield on 30-year note jumped nearly 4-1/2 basis points to 0.708 percent and the yield on short-term 2-year traded 1-1/2 basis points higher at -0.527 percent by 09:30GMT.
It should be a fairly quiet day for euro area data today with the day’s most notable release – the final French payrolls figures for Q4 – already released. These data reported another modest net increase in total payrolls of 53.6k (0.2 percent q/q), again underpinned by private sector employment growth (50.7k, 0.3 percent q/q), Daiwa Capital Markets reported.
So, compared with a year earlier, total payrolls were up 150k (0.6 percent y/y, the softest annual rate since Q415), with private sector payrolls rising 160k (0.8 percent y/y). Within the detail, there were solid increases in payroll employment in the industrial and construction sectors, with the latter reporting an annual increase of 25.6k.
And while the decline in temporary employment in the services sector continued, payrolls in the sector were up 32.7k, to leave them up 114.5k over the year. Turning to the public sector, although payrolls stabilised at the end of last year, they were still down 11.8k (-0.2 percent y/y) from a year earlier, the report added.
Meanwhile, the German DAX remained tad higher at 11,545.32 by 09:35GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained slightly bullish at 90.76 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
