The week reaches a crescendo on Thursday with the release of six top tier economic announcements. First up are UK and European interest rate decisions. A Quarter point cut is ‘odds on’ for the MPC according to some analysts. Still, the ECB is expected to hold their ‘inflation fighting’ stance, and keep rates the same. The ECB president will speak following the release of their decision. At the same time, we receive US Trade balance figures, and US unemployment claims. It will be one hectic lunchtime for European traders. To top off an already packed day, Fed chairman Bernanke is due to speak later in the afternoon.

With a slow start to the week on the economic news front, Traders at BetOnMarkets.com forsee that there’s a reasonable chance that last week’s momentum could spill over to the start of this week. A One Touch trade predicting that the Nasdaq Composite Index will touch 2395 at any time during the next 10 days could yield 15%.

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