EUR/USD sits at 1.4225, effectively unchanged from where it closed out last week in North America. The pairing did manage to rally to 1.4268 during Asian trade, but couldn’t sustain the gains.
Euro zone data for today:
08:00 GMT: Italian deficit to GDP Q4 expected 4.6% from previous 5.1%
08:30 GMT: Euro zone sentix investor confidence for April expected 16.0 from 17.1
09:00 GMT: Euro zone producer price index for February expected 0.8% m/m, 6.7% y/y
European stocks seen opening marginally easier, DAX down around -0.2%, FTSE down around -0.3%
Talk barrier option interest now at 1.4275 and 1.4300. The November 5 post QE announcement high at 1.4282 now in sight.
Buy orders 1.4200/10, light stops below.
