Sino-US trade uncertainty acted to......>

EURO-DOLLAR: Sino-US trade uncertainty acted to lift the USD through Thursday's

US session. EUR/USD reversed away from its early NY extended high of $1.1097 to

an eventual low of $1.1052, closing the day around $1.1058. Rate continued to

claw back lost ground in a slow Asian session, edged to an initial high of

$1.1066 before it extended on to $1.1070 in opening European trade. Suggestion

of tentative risk on, no news on the trade front seen as 'good news', Beijing

said to be watching US Trump's next move following passage of a bill concerning

HK human rights.

- Germany GDP final Q3 at 0700GMT, not normally a market mover with more

interest on release of EZ flash PMI's, France 0815GMT, Germany 0830GMT and EZ at

0900GMT. ECB Lagarde will make her first major speech at 0830GMT which will be

watched for clues to rate path under her watch.

- Support $1.1050/40, $1.1025/15. Resistance into $1.1080(61.8% $1.1097-52),

stronger between $1.1095/1.1100. 

- Expiries of note $1.1075-1.1100 (E2.27bln, of which E1.78bln are EUR calls)