EUR/USD sits at 1.4805, slightly easier compared to the North American close Tuesday up around 1.4825. Market still seemingly a trifle risk averse. That said, for fear of repeating myself and my fellow commentators, we still remain ensconsed in the well-trodden 1.4750-1.4900 range. Deep joy. Gotta think decent stops lining up not far from either parameter.
Euro zone data due this moring:
07:15 GMT: French services PMI for April (final) expected 63.4
07:45 GMT: Italian services PMI for April expected 53.0 from 53.3
07:55 GMT: Geman services PMI for April (final) expected 57.7
08:00 GMT: Euro zone sevices PMI for April (final) expected 56.9; composite 57.8
09:00 GMT: Euro zone retail sales for March expected -0.1% m/m, flat y/y
European stocks look set to open lower; FTSE around -0.9%; DAX 30 around -0.7%; CAC 40 around -0.8%