EUR/USD sits at 1.3145, effectively unchanged from where we closed out Wednesday in North America, with Asian trade confined to an anemic 1.3131-1.3170 range. Much attention being given to barrier option at 1.3125 (knock-in) which is being defended, successfully so far. Guess they’ll be stops parked not too far below there. Will have to confirm such as morning progresses.

Euro zone data due today:

10:00 GMT: Euro zone business climate indicator for December expected 1.00 from previous 0.96; economic confidence 105.5 from previous 105.3; consumer confidence -9 from prevous -9.4; industrial confidence 1.9 from previous 0.9; services confidence 10.1 from previous 10.2

10:00 GMT: Euro zone retail sales for November expected +0.2% m/m, +2.1% y/y

11:00 GMT: German factory orders for November expected +0.9% m/m, +15.8% y/y