European & US sessions forecast levels: 1.3145/1.3690
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Initial Claims, Continuing Claims, 2:15 PM ECB Interest rates decision.
Daily Strategy: The major focus today is the expecting ECB Interest rates decision. The market is flat in expectation of that key ECB meeting. The trader's expectation changes at 180 degrees for the last few months ago. It was widely expecting during the summer that ECB would continue with the interest rates rise while today is expecting to cut the interest rates from the current 1.50%. The rising debt fears in whole Europe is a signal for possible interest rates cut.