The U.S Fed meeting and its related press release have not given a clue for a much anticipated third QE. Today and tomorrow key financial data is expected to set the market direction: E.U statement regarding monitory easing and bailouts and the U.S NFP – a major unemployment indicator and the Feds statements expected today.
11:00 U.K BOE rate announcement
11:45 E.U rate announcement
12:30 ECB news conference
Euro – the euro is testing its long term resistance of 1.237. Short term selling for expiries of up to an hour, on these levels, are recommended.