Presently at 1.4048, the 1.4050 barrier interest resigned to the annuls of history. Risk remains off. Just look at those oil prices, NYM light crude off over 3 full bucks!!!
Decent barrier interest now lies down at the psychological 1.4000 level. You gotta think we’ll see a more robust defence of said interest than we’ve seen at other barrier levels of late (don’t ya?). Guess we can expect some juicy rumours to surface in the very near future as players attempt to get said interest blown up.
The majority of respondants in yesterdays 1.4000 poll seem to have been on the money. Chances of the 1.4000 interest seeing out the week intact seen slim indeed. In fact if it sees out the day it’ll have done good
Euro zone data:
09:00 GMT: Euro zone Q2 GDP expected +0.2% Q/Q, +1.7% y/y
10:00 GMT: German factory orders for July expected -1.5% m/m, +9.8% y/y
Eurostoxx 50 futures fall -1.3%. DAX futures off -1.0%, CAC 40 futures off -1.1%.
