EUR/USD up at 1.3955 from North American close Thursday down around 1.3925. Market struggling for clear direction in recent sessions. Infact it seems to be running around like a headless chicken if truth be told.
Euro zone data due today:
06:45 GMT: French business survey, overall demand for October
08:00 GMT: Euro zone govt debt-GDP ratio
08:00 GMT: German Ifo for October: business climate 106.5 from 106.8; current assessment 110.0 from 109.7; expectations 102.9 from 103.9
08:00 GMT: Italian retail sales for August expected flat m/m, +1.5% y/y
European stocks look likely to open lower. According to financial bookmakers FTSE seen down 0.3%; Germany’s DAX seen down 0.3% and France’s CAC 40 seen down 0.5%.
Buy orders seen clustered 1.3850/70, sell orders 1.3980/00. Guess stops not far either side of those levels.
