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EUR/USD opens touch easier

By   || December 10, 2009 at 06:08 GMT
|| 4 comments || Add comment

EUR/USD sits at 1.4710, marginally easier from a North American close Wednesday up around 1.4730.

Talk overnight stops gathering on move through 1.4785, while there are expectations of renewed Asian sovereign buy interest resurfacing on any sell-off to the 1.4670 area.

Euro zone data due today:

07;45 GMT: French non-farm payrolls q/q

07:50 GMT: French industrial production for October expected +0.6% m/m, -6.7% y/y. Manufacturing production expected +1.3% m/m, -6.3% y/y

09:00 GMT: Italian industrial production for October expected +1.3% m/m, -12.7% y/y (wda), 12.9% y/y (nsa)

09:00 GMT: ECB monthly report for December

10:00 GMT: Italian Q3 GDP expected +0.6% q/q, -4.6% y/y

Supports 1.4700, 1.4670/75 and 1.4620/30, resistances 1.4755/60 and 1.4780.

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4 Responses to “EUR/USD opens touch easier”

  1. Tajul Akbar Bin Ismail on December 10th, 2009 06:29 GMT

    Welcome back, Gerry … how are you?

  2. Gerry Davies on December 10th, 2009 06:38 GMT

    Hi Tajul, feeling better thks

  3. Adje on December 10th, 2009 06:45 GMT

    Good morning gerry, you’re back! Markets can rally again I guess :D

  4. gerry davies on December 10th, 2009 06:52 GMT

    Morning Adje; yes nurse got my meds sorted…..

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