Special report: PREVIEW: ECB Decision and EURUSD Fallout
The European Central Bank decision is on tap and will be the main event on today's calendar. ECB decisions are always capable of moving markets and today is no different. Anticipating the result of an ECB decision can be a challenge, with the central bank capable of making any number of tweaks to the policy outlook, or none at all.
Next 24 hours: Draghi Defuses Euro Bullishness
Draghi's press conference gave off a much different vibe, with the central banker downplaying hawkish expectations, while reminding underlying inflation pressures remained subdued and expressing concern about US protectionism and the impact of unwanted appreciation in the Euro.