The ECB press conference wasn't as exciting as we were hoping for. Following both interest rate announcements (BOE and ECB), there was a bit of volatility and we didn't see much more action the rest of the day. The Australian dollar was the big winner yesterday after better than expected employment figures surprised the market leading to a gain of 60 pips in just one minute. We are anxious to see how the markets close for the week and will be building a trade plan for the following week. Until Monday, we still have one more important announcement out of Canada and the UK: up next are the PPI and Trade Balance figures out of the UK, followed by employment figures out of Canada.

Don't forget, we will be hosting Live! Trading sessions today. Premium members may access the direct link in the Members Downloads section. The room will be open 15 minutes prior to trading.

If you'd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member's area.