Comments from EU's Juncker during.......>

EURO-DOLLAR: Comments from EU's Juncker during Wednesday's European morning were

viewed as supporting the recent softer Brexit tone from EU's Barnier and helped

to buoy cable, pulling EUR/USD up to $1.1605. However, the USD was able to pare

back these early losses as BBG source reports suggested that the ECB will lower

its growth outlook on Thursday. This saw EUR/USD ease to $1.1572 into the NY

open.

- This was before soft U.S. PPI data, positive NAFTA related comments out of

Mexico, BBG reports pointing to the EU planning softer rhetoric re: the Irish

border in Brexit talks and a positive U.S.-China trade story from the WSJ

allowed the rate to make a fresh high of $1.1650. Rate last deals at $1.1635.

- The close above $1.1600 has allowed bulls to shift the short-term focus

higher, targeting the 100-DMA & and trendline resistance ($1.1686/98). Bears

look for a move back below $1.1600 to regain the upper hand.

- The ECB MonPol decision headlines the EZ docket on Thursday.