ECB Press Conference

Time: 8.45 pm – 9.30 p.m

I was hoping yesterday’s EU would be THAT bearish, but it didn’t happend as I expected. The lowest level from yesterday’s was recorded at 1.30915 and since that it bounce happily at the current price (1.32064). Nevertheless I’m looking forward for tonight ECB Press Conference. Traders are expected to see a .50% rate cut. And that’s not a good news to the EUR currency. Lately the EUR has felt some consistant pressure from other pair and especially USD. So will the cut happen? Will the EUR suffer trembled against USD? Sit tight n enjoy. :)

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