What's next? A shy EUR/USD remains below 1.1000

FXStreet (Tokyo) - The EUR/USD tested the 1.1000 again on Wednesday as investors digested weaker than expected US data plus a solid German IFO data. However, the movement was weak and the pair returned below the 1.1000 for the second straight session.

GBP/USD fell below 1.4900; the USD/JPY lost the 119.50 level; while the USD/CAD remains trading around 1.2500. On commodities, oil and gold rallied for the sixth day in a row. US stocks declined hard as technology and biotech shares traded under pressure.

Major headlines in the day:

- US durable goods orders fall more than expected in February
- Germany IFO - Business Climate above expectations (107.3) in March: Actual (107.9)

What's next on Thursday

Greece will remain in the spotlight. However, as Valeria Bednarik from FXStreet commented in a recent report, "EUR buyers seem not concerned over the possibility of a Greek default at the time being, with the main focus still being whether the FED will raise rates in June or September."

Investors should pay attention of the UK retail sales report and jobless claims and PMI services in the US.

All the focus remain on Friday US GDP.