Good evening,

The ECB may increase its quantitative easing (duration and notional) and also adopt other options to stimulate the eurozone economy. This should happen on December and the shared currency started to dive when was released the statement and continued during the press conference. Mario Draghi lifted european equities and US equities digested the ECB decision in a positive way, considering also that US earning release brought buyers in the market.

EurUsd is losing 218 pips at 1.1120 (-1.92%) and UsdJpy is trading at 120.60 (+0.66%), up 79 pips. GbpUsd is down 15 pips at 1.5395 (-0.10%). Crude Oil reduced its volatility and is trading at 45.41 $/barrel (+0.46%) and Gold is down 1.4$ at 1,165.7 (-0.12%). The S&P500 is up 34 points at 2,048.98 (+1.49%) and the DAX consolidated above 10,000 at 10,491 (+2.48%).

Tomorrow will be released several Markit data regarding Eurozone and its members as well, thus volatility of the Euro should stay high, especially near area 1.1030. Canadian CPI will be the most relevant event in the afternoon and the US Markit Manufacturing PMI will be the last event in the economic calendar.