Now they’ve got the right idea. Take it easy, kick back ya heels and relax as we slip into the holiday season.
EUR/USD at 1.3227, up marginally from a North American close Wednesday around 1.3210.
2 day EU summit starts in Brussels, which should keep the market on it’s toes and be good for a few headlines.
Euro zone data due today:
08:00 GMT: French manufacturing PMI for December expected 57.6 from 57.9; services PMI expected 55.2 from 55.0
08:30 GMT: German manufacturing PMI for December expected 58.2 from 58.1; services PMI expected 59.0 from 59.2
09:00 GMT: Euro zone mnaufacturing PMI for December expected 55.2 from 55.3; services PMI expected 55.2 from 55.4; composite PMI expected 55.3 from 55.5
10:00 GMT: Euro zone CPI for November (final) expected +0.1% m/m, +1.9% y/y, core +1.1% y/y
10:00 GMT: Euro zone labor costs Q3 expected +1.5% y/y
10:40 GMT: Spanish bond auction 1.5 bln each 2020 and 2025
EUR/USD sell stops seen gathered in 1.3150/60 area. Sell orders up at 1.3250/60, probably smallish buy stops just above there. Will have to try and get confirmation of that.
