Late comments from ECB's Praet..........>

EURO-DOLLAR: Late comments from ECB's Praet Thursday offered little new as he

noted that he has confidence that inflation will continue to approach the Bank's

goal, although he did stress that significant monetary stimulus is still

required, highlighting that uncertainties had gained more prominence recently.

- Praet also highlighted that the Bank doesn't want to reveal all of its cards

re: reinvestments.

- EUR/USD last deals at $1.1780. Thursday's break of $1.1750 re-ignited bulls,

triggering a large inverse head-and-shoulders formation. A break of $1.1800

would open the June 14 high ($1.1851). Bears need a close below the 100-DMA

($1.1663), followed by $1.1600 to shift focus back to the downside.

- Flash EZ PMIs provide the highlight of the EZ calendar on Friday.