EUR/USD sits at 1.3992, pretty much unchanged from when I sat down an hour and a half ago.
The battle of the much-documented 1.4000 barrier interest is well underway. Personally I’ll be disappointed if I don’t get to put up my “Pop goes the weasel” headline.
Talk of stops through 1.4000 and 1.4020, although Sean mentioned overnight that there are apparently sell orders layered from 1.4010 thru 1.4040. Why can’t life ever be straight forward?
Euro data due this morning:
08:00 GMT: Euro zone M3 money supply 3m to September expected +2.6%, +2.8% y/y
09:00 GMT: Euro zone business climate sentiment for October expected -0.2 from previous -0.06; consumer sentiment expected unchanged at -19.9; industrial sentiment expected -7 from previous -5.9; economic sentiment expected 93.8 from previous 95 and services sentiment expected -1 from previous 0.
