EUR/USD down at 1.3215 from North American close Tuesday around 1.3230. Asian stocks haven’t peformed very well overnight and oil is off half a buck as risk appetite wanes just a little. The risk barometer EUR/JPY has declined to 112.80 from around 113.60.
Euro zone data today:
07:45 GMT: Italian services PMI for July expected 51.4 from previous 51.5
07:50 GMT: French services PMI (final) for July expected 61.3
07:55 GMT: German services PMI (final) for July expected 57.3
08:00 GMT: Euro zone services PMI (final) for July expected 56.0; composite 56.7
09:00 GMT: Euro zone retail sales for June expected flat m/m, +0.1% y/y
European stocks expected to open marginally weaker this morning. FTSE 100 seen down around 0.4%, DAX 30 off around 0.2%.
Stops seen gathering in EUR/USD down in 1.3175/80 area. On topside sell orders noted 1.3250/65, stops just above there.
