The only notable release in the European session was the German ZEW survey where the expectations index jumped to a new cycle high amid the German fiscal boost and the ongoing ECB monetary easing.
Other than that, the newsflow has been limited with no market moving headlines. That's also been evident in the FX market as we haven't seen much movement with the major pairs roughly unchanged on the day. The weakest currency has been the Japanese Yen.
US stocks and bonds are slightly lower on the day as we approach the FOMC policy decision due tomorrow. The European equities, on the other hand, continue to outperform amid the fiscal boost.
The focus now moves to the Canadian CPI and the US housing and manufacturing data in the American session.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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