Sharp reversal away from Wednesday's....>

EURO-DOLLAR: Sharp reversal away from Wednesday's high of $1.0896, as markets

reacted to comments from Fed's Powell, adding his voice to negative rates

aversion as well as knocking risk with his warnings that solvency risks remain

in the coming months, saw rate pressed to a low of $1.0812 in late NY, closing

the day at $1.0815. Weak recovery continued into Asia though only allowed rate

to edge on to $1.0824 before sentiment soured and rate began to drift lower

again, extending the corrective pullback to $1.0805. 

- Support remains into $1.0800, a break to expose $1.0785/80(May12 low/Rising

support off Mar23 low) ahead of $1.0767(May7 low). Resistance $1.0824/31,

$1.0850, $1.0880/85, $1.0896.

- Germany Final CPI 0600GMT provides the early interest, though usually rubber

stamps the flash. US Initial Jobless Claims at 1230GMT provides the main data

focus of the day.

- ECB publishes their Economic Bulletin at 0800GMT

- Fed speakers include Kashkari(dovish), Bostic(neutral), Kaplan(neutral). Watch

for further mention of negative interest rates.