EUR/USD has traded very marginally firmer in slow Asian trade, presently up at 1.2400 from a North American close Thursday around 1.2380.
Little on the euro zone economic data front today to whet the appetite, strictly second tier fare:
06:00 GMT: German producer prices for May expected +0.1% m/m, +0.8% y/y
06:45 GMT: French wages Q1 (final)
08:00 GMT: Italian industrial orders April expected +0.8% m/m, +13.5% y/y
Sell orders lined up at 1.2430-1.2450. Talk of stops just above 50/through 60, take your pick. Worth remembering theres been talk of late of 1.19-1.2500 dnt being in place.
European stocks seen opening little firmer.
Well it’s Friday. Market has tended lately to be a little loathe to embrace risk ahead of the weekend. Will be interesting to see if today’s any different.
