TGIF……

And I mean that most sincerely folks.

I no longer know what to think about anything in this market, such have been the number of head fakes, false starts, false dawns, call them what you will.

EUR/USD sits at 1.3142, effectively unchanged in Asian trade. We seem ensconsed in a narrow range, whose loose parameters can probably be indentified as 1.3050-1.3200. Indeed there are stops reported clustered close below and above said parameters.

For today, main data release would appear to be German Ifo for April to be released 08:00 GMT, with business climate expected 109.5 from previous 109.8.