Recovery off Wednesday's NY low of......>

EURO-DOLLAR: Recovery off Wednesday's NY low of $1.1067 extended to $1.1108

Thursday, before closing the day around $1.1103. A fairly slow session in Asia,

which normally proves to be the case ahead of US NFP release. Rate did manage to

touch $1.1109 before it eased back to $1.1103 ahead of the European open. As

mentioned, US NFP is the main focus of the day(Fed seen data dependent on next

move), median for headline employment seen at 184k, with  unemployment rate

expected to remain at 3.6% and AHE at 0.3%. 

Germany IP provides further disappointment, coming in at -1.7%mm, -5.3%yy vs

median forecast of 0.1%mm, -3.6%yy. Rate touched $1.1102 but so far remains

buoyed above $1.1100. 

- Support $1.1100/1.1095, $1.1080, $1.1067/66. Resistance $1.1109/16,

$1.1120/25(Expiries E1.26bln), $1.1150/60.

- Option expiries of note, $1.1040(E1.32bln), $1.1075(E887mln),

$1.1090-1.1100(E1.26bln), $1.1120-25(E1.26bln), $1.1195-1.1200(E1.43bln)