EUR/USD was marked up to $1.1242 in.....>

EURO-DOLLAR: EUR/USD was marked up to $1.1242 in opening Asian trade as risk was

given a boost by the weekend release of strong China PMI data. However, the

initial enthusiasm quickly faded and rate eased back to $1.1222. Recovery to

$1.1232 seen into opening Tokyo business before rate dipped to $1.1220 before

attracting stronger demand. This buying allowed rate to edge back to retest the

opening high of $1.1242 into the European open, with Asian expectation that

Europe would also react positively to the weekend data. However, resistance

noted at $1.1242 and at Friday's high of $1.1247, a move above $1.1250 expected

to meet some resistance at and above $1.1260 ahead of $1.1280. Support $1.1220,

stronger between $1.1210/00, a break to expose the Mar7 low of $1.1177.

- EZ Mfg PMI data due for release this morning beginning with Spain at 0715GMT

through to EZ release at 0800GMT. Flash EZ CPI at 0900GMT will attract

attention, market median 1.5%yy, Core 0.9%yy, released alongside EZ

Unemployment(median 7.8%).

- Into the afternoon and US Retail Sales at 1230GMT/0830ET, then ISM Mfg at

1400GMT/1000ET