EUR/USD sits at 1.2705, up from North American close Wednesday around 1.2655. Recent strong risk aversion seems to have abated a little. European stocks look set to open firmer; FTSE 100 up around 0.9%, DAX 30 up around +0.8% and CAC 40 up around 1.1%.
That said, EUR/USD remains ensconsed in well-trodden 1.2580-1.2730 range. As we’ve mentioned ad nauseum of late, stops placed either side of those two parameters.
Euro zone data due today:
06:00 GMT: German Gfk consumer confidence survey for September expected 4.0 from previous 3.9
07:30 GMT: Italian consumer confidence index for August expected 105.3 from previous 105.6
08:00 GMT: Euro zone M3 money supply expected +0.1% 3m, +0.3% y/y
