Euro Dollar may well be in focus today as we see data coming from both sides of the Atlantic. The ECB interest rate decision is scheduled for today, and in the US we are expecting Retail Sales numbers. Both numbers will weigh heavily on sentiment.
- The ECB announce their interest rate decision later on in the session, with investors looking to see what comments arise from the current situation in Greece
- Please note that we are approaching the earning season for a large number of banks, which may well sway investor sentiment in the short term
- Last night's Beige Book indicated that the recovery in the US is still sluggish, albeit there are signs of recovery
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