Don’t you just love the Talking Heads?
EUR/USD sits at 1.2835, very marginally easier from North American close Wednesday around 1.2850.
You know the market’s struggling when you get a half-decent sell-off attributed in part to this story in Der Spiegel.
Not one, but three, Asian sovereigns seen scooping up EUR/USD below 1.2800. Included our old furry friend the Giant Panda.
BIS has just been seen offloading the pairing up around 1.2850.
US data due today:
12:30 GMT: Initial claims Aug 14 expected 480k from previous 484k; continuing claims Aug 7 expected 4500k from previous 4452k
14:00 GMT: Leading indicators July expected +0.1% from previous -0.2%
14:00 GMT: Philadelphia Fed for August expected 7.5 from previous 5.1
Let the games commence. Yer right……..