ECB’s long awaited announcement is nearing

Thursday, 7 April 2011 11:26

The long anticipated announcement by the European Central Bank is due today at 11:45 GMT, as eager investors tune in to see ECB's decision on raising the interest rates.  Fairly confident that a raise is prominent, this will turn the European market upwards once again. 

This seems to be the most important news this morning for Europe and the US, as well as the US unemployment claims later on in the afternoon following european time.

Furthermore, Portugal finally took the step and asked the EU for assistance; at which the Forex markets barely winced.  Portugal had to take this step in order to overcome the deep debts it found itself into.