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Hi everybody hope you are fine! Quite an interesting journey yesterday, with majors behaving technically and dollar and yen the overall winners of the day, after the Dow Jones again under the 7900 level mentioned yesterday. However the Asian session and during the European session also, we see majors recovering ground back again the ranges of these last days. However, early reports in the euro zone came out lower than expected and right now, rumours of a rate cut in the euro zone are growing fast. From a technical perspective, actual corrections have reached (again) key points that contain the short term trend, yet we will see each pair on it’s own in a few minutes.
For the rest of the day, we have only some speeches from Trichet (from ECB) at 8.00 and Plosser (from the FOMC) AT 12.15.
Have a great day!