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Green Dec Call Spd

EURO-DOLLAR: Despite the release of generally well received German Retail Sales,
euro-dollar fails to extend gains and holds near the peak of its $1.1594-1.1618
daily range. Resistance is seen at $1.1657 (Oct27 high). Next up on the data
front at 0800GMT sees the release of German state Saxony CPI, also we have
Spanish Q3 GDP and October HICP. On the option calendar this week there are
large expiries tomorrow at $1.1800 (E2.17bn) and on Thursday at $1.1650
(E1.36bn). Euro-dollar last $1.1614.