EURUSD stays under pressure

Euro-Dollar (EURUSD) stayed under pressure following its extension of its current losses to mark 1.3914 Asian session lows. The dollar maintained solid following the U.S. Senate passed the U.S. bail-out bill; even though gains were comparatively silent after a lot of members were previously placed for a positive result. The real economy is anticipated to return to focus, by the ECB conference due today, where the market is going to seek any posturing on a possible ECB rate cut. We anticipate the focus to stay on inflation in spite of the monetary chaos, even though current sittings have seen bigger conjecture of a move in the ECB posture given the worsening in the monetary markets and the possible impact on the real economy. In the meantime, the European market is seeking a unified European reaction as well to the banking catastrophe, though the separate measures by now taken by European nations up to now might decrease the probability of a wide euro zone olicy response.