There have been some positive moves in stock markets this week, with US indices once again touching highs for the year and stocks in Asia also in positive territory. The dollar has also been at new highs for the year on the dollar index, which resulted in a 28-month low on EURUSD yesterday. This provides a neat backdrop for the ECB meeting today, because if there is one thing the Eurozone needs, it’s a weaker currency. That said, it has more been a dollar move, so the euro is still higher vs sterling, the scandi currencies and then yen over the past month. There remains a strong hope that the ECB will move into some form of quantitative easing in the first quarter, so today will be about hints or otherwise along these lines. But it will also be about gauging success in their current programs, with the asset back securities program having only recently started. Sterling was in positive mood yesterday as the Chancellor announced what was in effect a mini-budget, with changes to property purchase taxes, together with other adjustment on business taxes. This was seen adding some good news to the public finances, whilst leaving personal taxation unchanged, hence the slightly positive mood on sterling. For today, beyond the ECB, there is an UK BoE decision at midday, but nothing expected and no statement is normally issued. Otherwise, it’s a question of positioning ahead of the US employment report tomorrow. ADP numbers yesterday were a touch softer, but not enough to dent expectations for another strong headline number. USDJPY continues its relentless rise, just a touch below the 120 level overnight. The Aussie is still also on the defensive below the 0.84 level, even after slightly better than expected retail sales data. Further reading: ECB Preview: A big step towards QE? 3 scenarios US rate hike in March? Another hint FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next FxPro awarded best FX Provider for 2014 at Investors Yohay Elam 7 years There have been some positive moves in stock markets this week, with US indices once again touching highs for the year and stocks in Asia also in positive territory. The dollar has also been at new highs for the year on the dollar index, which resulted in a 28-month low on EURUSD yesterday. This provides a neat backdrop for the ECB meeting today, because if there is one thing the Eurozone needs, it's a weaker currency. That said, it has more been a dollar move, so the euro is still higher vs sterling, the scandi currencies and then yen over… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.