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Renewed risk appetite in early Europe...>

EURO-DOLLAR
EURO-DOLLAR: Renewed risk appetite in early Europe breaks the narrow Asia range,
with the uptrend extending to $1.1274. Yesterday's high at $1.1286 provides the
first layer of resistance, above here opens a run at the $1.13 level, ahead of
the 50-dma & 200-wma at $1.1320/22. 
- Main focus today on the ECB rate announcement and press conference at
1145GMT/1230GMT. US CPI also due up at 1230GMT. 
- Large option expiries for today's NY could also feature. $1.1245-50(E1.26bln),
$1.1275(E1.25bn).

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