Markets in anticipation of the ECB meeting later in the day

At 09:00 will come the factory orders data in Germany in January. Forecast is -1.0% compared to 4.2% in the previous period. If the forecasts come true we may see the euro fall

14:00 Bank of England official bank rate. No changes are expected in the rates of 0.50%

At 14:45 ECB decision on interest rates. No change is expected in amounts of 0.05%

At 15:30 will start the statement of the President of the ECB on monetary policy of the bank. Expected the ECB to reveal details about the program of quantitative easing, which should begin this month. Possible increase in volatility during statement

At 15:30 will be the release pf the weekly jobless claims in the US. Forecasts are for 319,000 compared to 313,000 in the previous week. If expectations are justified we may see short-term increase in dollars

At 17:00 IVEY PMI index in Canada. Forecast is 50.0 points compared to 45.4 points in the previous period. If expectations are justified we may see short-term increase in the Canadian dollar.

At 17:00 will be the release of the factory orders data in the US and the statement of the FED's member Williams. Events may affect the dollar