EUR/USD has opened marginally firmer, presently up at 1.4375 having closed out Thursday in North America down around 1.4340. The Asian session has been very volatile, price moves exacerbated by rumours of a coup in Pakistan (denied) having done the rounds.
An Asian sovereign is said to have bought very aggressively overnight just ahead of 1.4300, where option barrier interest is said to lie.
Decent slug of Euro zone data today:
07:00 GMT: German PPI for November expected +0.2% m/m, -5.9% y/y
07:45 GMT: French business confidence indicator for December expected 90 from previous 89; own company production outlook expected 0 from -3; production outlook indicator expected -7 from -9
09:00 GMT: Italian industrial orders for October expected +0.5% m/m, -17.0 y/y
09:00 GMT: German ifo for December: business climate expected 94.5 from 93.9; current assessment expected 90.0 from 89.1; expectations 99.0 from 98.9
09:00 GMT: Euro zone current account s.a for October
10:00 GMT: Euro zone trade balance for October expected 5.8 bln s.a. 5.7 bln
European stocks set to open firmer.
