FXstreet.com (Barcelona) - Closing a choppy wide range American session, majors end mixed against dollar. Gbp managed to hold gains and continues appreciating above the 1.4440 key zone, while Euro fell under 1.3230, following disappointing data published earlier in the European session and ahead of the ECB meeting tomorrow. Further pressure comes from the possibility the bank might make an announcement regarding quantitative easing. Market expects a 50 basis-point cut that will leave the rates at 1%. Together with the ECB decision Thursday, G20 will be meeting in Britain.
Wall Street recoups after a bad start, rallying on better than expected U.S. housing and manufacturing data. Dow Jones rose 153 points, nearly a 2%.
But despite both events are consider highly market movers, investors could well continue reluctant to take large positions, as next Friday U.S. will release March Non Farm Payrolls. Given early Wednesday ADP larger than expected reading, caution will be ruling markets till the final data is know.