Recovery off Tuesday's Sep03 low of.....>

EURO-DOLLAR: Recovery off Tuesday's Sep03 low of $1.0926 extended through

Thursday's trade to a high of $1.1085, aided by the improved risk outlook on

announcement of Sino-US trade talks for Oct. However, the USD did manage to pare

back losses, aided by non-mfg ISM and Factory Orders releases, eased the rate

back to $1.1032 before closing the day at $1.1035. Focus switches to today's

release of the key US Employment Report, market median NFP 160k, AHE 0.3%mm.

Fed's Powell due to speak in Zurich at 1630GMT ahead of the blackout period.

Trade in Asia was restricted to $1.1030-41, with early demand into Europe edging

it on to $1.1047. Release of weaker than forecast Germany IP (though widely

expected after weak Factory Orders Thursday) eased rate to $1.1040. 

- Ahead of US NFP domestic focus on France Trade 0645GMT, Italy Retail Sales

0800GMT, EU 2nd reading of Q2 GDP and Employment at 0900GMT. ECB de Guindos

speaks at 0915GMT.

- Support $1.1030(Asia low), $1.1017(Sep05 low), $1.1006(50% 1.0926-1.1085),

$1.0987(61.8%).

- Resistance $1.1050, $1.1085(Sep05 high).