EUR/USD up at 1.3010 from North American close Wednesday down around 1.2990. Greenback generally a touch weaker, underminned by news California Governor Schwarzeneggar has declared state of emergency over the state’s finances.
But when all said and done EUR/USD remains ensconsed in well-trodden range, with 1.2950-1.3050 the durable parameters. Stops are gathering eitherside of those parameters.
Raft of euro zone data today:
06:45 GMT: French producer prices for June expected +0.3% m/m, +3.9%
07:30 GMT: Italian business confidence for July expected 96.4 from 96.1
07:55 GMT: German unemployment change for July expected -20k from -21k; unemployment rate 7.6% from 7.7%
08:00 GMT: Italian hourly wages for June expected +0.2% m/m
09:00 GMT: Euro zone business climate indicator for July expected 0.39 from 0.37; consumer confidence expected unchanged -14; economic confidence 99.1 from 98.7; services confidence 5 from 4
Well maybe not quite a raft.
Let the games begin!!! Well we can live in hope.
