The fundamental news on the economic calendar for today for the euro vs dollar currency pair is, of course, dominated by the ECB interest rate decision and statement due out later and, it is widely expected that the Bank will keep rates on hold for the time being.  As usual Trichet’s words will be closely scrutinized for any indication as to the future monetary direction for the Eurozone.  Earlier this morning we had the Italian Industrial Production figures which came out worse than expected at -1.2% against a forecast of 0.4%, whilst German factory orders, just released, were significantly better than expected at 4.5% versus a target of 0.6% – stellar results indeed and of course, the Euro promptly fell as market mood is currently being dictated by risk sentiment and not by individual fundamental news items.   Following the ECB press conference we have the US unemployment claims which are forecast at 587k, a modest increase on last week’s 584k – a measure of the number of people filing for unemployment insurance for the first time and therefore a good guide to the labour market.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.