To 1.2 we go!
Euro holding below $1.2500 opens the downside
The sentiment remained strong going into the weekend, but there is an element of caution that has taken hold as the first week of the month beckons. This can be understandable with such a vast array of crucial data set to be released, which culminates in the ECB on Thursday and Non-farm Payrolls on Friday. Asian trading has been slightly hampered today by a public holiday in Japan which has also resulted in some thin trading in the yen. However the data released already in the region has been mixed at best and has not helped to drive markets either. The HSBC China Manufacturing PMI came in line with estimates at ... (full story)