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EUR/USD last trades flat at $1.1305.....>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last trades flat at $1.1305 after falling almost 80 pips
Thursday in the aftermath of the ECB MonPol decision & the accompanying press
conference. Whereby the Bank left its policy settings on hold (as exp.), ECB
Pres Draghi said that risks around the EZ growth outlook have shifted from
"broadly balanced" to the downside (for our State of Play piece on the last ECB
meeting see MNI Main Wire at 15:31 GMT 01/24). Soft headline EZ PMI data was
seen early Thursday. 
- Worth noting Handelsblatt reported that the German gov't cut its 2019 GDP
outlook to 1% from 1.8%. The HB story briefly pressed the rate below $1.1300
late Thursday, with bears now looking for a fall back below the figure before
challenging the yesterday's YTD low of $1.1290. Conversely, bulls need a break
above the 50-MMA at $1.1326 before targeting the cloud base at $1.1362. 
- The German Ifo survey headlines the EZ docket Friday. EZ focus next week turns
to French GDP due Wednesday, EZ GDP & unemployment, German CPI & Italian GDP due
Thursday, as well as final Jan regional PMIs. Elsewhere, ECB's Draghi & Nowotny
will speak Monday, while ECB's Coeure, Mersch & Weidmann will speak Thursday.

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