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It's all about the ECB's press conference today with investors' listening intently to see if Trichet uses the term "strong vigilance" and thus signals a rate hike as early as June.
Germany reported an unexpected drop in Factor Orders in March confirming the unstable state of global recovery and the start of the downside effect from the stronger euro and high commodity prices cutting purchasing power world wide.
Movements in the FX Market have been disjointed and choppy as traders position themselves ahead of the ECB meeting today. USDCHF continued to make new all time lows dropping to 0.8562 as Europe walked in.
Latest set and forget trading recommendations. Free delayed updates: Latest posting 12.00 GMT, 08.00 EST) May 5th 2011
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