Pullback from the early Asian high of...>

EURO-DOLLAR: Pullback from the early Asian high of $1.1596 found support at

$1.1567 into the European session open, with early demand allowing rate to nudge

back toward $1.1580. Since the negative reaction to last Thursday's ECB

announcements, fading of QE more than countered by the pushing back of prospect

for an ECB rate hike into the latter parts of 2019, the rate has pivoted around

$1.1600 with traders noting influence of 'range traders' keeping trade within

parameters around this level. Tuesday saw the widest range marking, the rate

falling back from an early high of $1.1645 to a low of $1.1531 with trade so far

today contained within $1.1567-96.

- Immediate focus remains on ECB rhetoric with Draghi, Coeure, Villeroy,

Nowotny, Knot & Lautenschlaeger all set to speak on Wednesday, while the

political situations in Germany & Italy also remain in vogue.