Session Data (GMT-5:00 ET) and the Latest from the FXWW Chatroom…

NR 07EUR – ECB press conference (High Impact Expected)

Sources in Frankfurt are expecting a ‘dovish as possible’ Draghi today after last week’s economic data and fresh Russian sanctions. But, market short-EUR positioning is said to be reaching quite extreme levels so might be a case of sell the rumour buy the fact? 

RUSSIA’S MEDVEDEV SAYS RUSSIA TO BAN FRUIT, VEGETABLE, MEAT, FISH, MILK AND DAIRY IMPORTS FROM U.S., EU, AUSTRALIA, CANADA AND NORWAY – RTRS 

PUTIN TO MAKE EMERGENCY STATEMENT AT 20:30 MOSCOW TIME – RUSSIAN STATE TV 

 

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