Special report: ECB Preview – A Fine Line
A lot of excitement around today's European Central Bank decision as market participants sense the tension around a multi-day 400 point Euro consolidation that could break either way and could mean the difference between a move down towards 1.1200 or up into 1.2500.
Next 24 hours: Reduction Yes, Taper No
It was all downhill for the Euro in the aftermath of a decision that did a good job letting down hawkish expectations after the central bank sent a message that was more about reduction than taper. US GDP and core PCE are the big standouts on Friday’s calendar.