Claims to end the rebound?

Guys in London have the sense that the Saudis have a one-off interest in EUR/USD today (perhaps building up a cash-kitty for the Royal’s summer holidays?) and once that order is filled, EUR will ease in the range.

Jobless claims from the US are next up. Traders have stopped looking for big improvements and are now more sensitive to a rise in claims. 452,000 is the consensus forecast.