Retains an underlying heavy feel into...>

EURO-DOLLAR: Retains an underlying heavy feel into the European close, the rate

having seen an extended low of $1.0775 in early NY, revisited into the release

of the Weekly Jobless Claims, the data coming in higher than expected though

initial reaction was fairly muted. However, rate did eventually claw its way

higher, touching $1.0816 before turning lower through the 1600BST fix, as risk

was given another shove back by US Trump's comments concerning trade links with

China, currently resting on $1.0780. Support now seen into $1.0780/75 ahead of

the May7 low of $1.0767. A break of this latter level to expose the Apr24 low of

$1.0727. Resistance remains into $1.0820/25 ahead of $1.0850. 

- For Friday, German and Eurozone prelim GDP, US retail sales/industrial

production also cross. The

speakers schedule is quiet, with no major central bankers on the docket.