Upcoming European session calendar - All about the ECB

Obviously all about the ECB

In terms of data, today's European session is obviously all about the ECB. Take a look at the points to look out for:

• German GfK Consumer Climate
• Spanish Unemployment Rate
• ECB Main Refinancing Rate
• ECB Press Conference

The data steps up in market sensitivity. We have the early German consumer climate being low tier, followed by the Spanish unemployment rated a mid tier release, and finally the high impact ECB decision.

I'm on the ForexLive blog for the ECB rate decision, but our crossover times mean that I then immediately hand over to Adam who will take you through the press conference.

In terms of the forex markets, today is all about the euro and will be my main analysis focus throughout the session, but while I'm here, look at Cable:

It's just sneakily going about it's business, printing green daily after green daily candle now it's found support.

Significant bullish price action in my opinion.