ECB left monetary policies unchanged yesterday as widely expected. President Mario Draghi said that asset purchase program continued as planned and results showed that inflation expectations recovered since June.
Meanwhile, he noted that recent developments in the financial markets haven't altered the governing council's outlook on the economy.
From US, initial jobless claims dropped 15k to 281k in the week ended July 11, slightly lower than expectation of 282k. Continuing claims dropped 112k to 2.22m in the week ended July 4.
The euro has now stopped its free-fall after it made a double top near the resistance of the $1.1200 area. The break and retesting of the very important support zone of $1.11-1.1080 opened the door to much lower prices and the nearest support is located at the round number of $1.0900 and then at the previous swings low of $1.05.
Today is data thin calendar from Euro zone. Market will eye on macro economic data from the US for the further directions.


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