Markets are looking forward to meeting the European Central Bank to determine the direction

Mislead market participants cautiously optimistic that the leadership in the euro area will come to a solution of the crisis of European debt to them during the meeting scheduled later this week in what is considered a crucial meeting of the European Union. The existence of these tendencies in the postponement, the euro rose by 0.1% in Asian trading against the U.S. dollar, which traded at $ 1.3418, and stood above the low on Tuesday, which was at $ 1.3334.
Recently, at 14:30 (according to Japanese Standard Time) in Tokyo, trading EUR / USD at $ 1.3423 high, although no improvement in the pair is limited to about $ 1.3550 in the short term.
The main factor of concern among investors is whether the political will is sufficient to support the amendment to the agreement of the European Union, which will require financial control narrower. This seems to be what the European Central Bank needs to see in order to agree to take a greater role in the crisis. In addition, he said credit rating agency "Standard & Poor's" as they will reduce the credit rating of the Member States in the euro area that did not do this vital step.
Will be declared the European Central Bank tomorrow any possible changes to fiscal policy, and the development of markets reduced by 25 basis points from the standard rate, but there remains the possibility that the reduction in the rate of interest greater than that. Analysts also expected to announce that the European Central Bank liquidity operations for additional periods of longer maturity.