Yohay

EUR/USD is trading higher, in anticipation on some solution for Spain and hopes for hints about more QE in the US. As widely expected, the ECB did not lower interest rates on Wednesday. The markets were hoping for a reduction of 0.25%, although few were surprised that rates stayed put. After the interest rate decision, ECB head Draghi again called upon the EZ governments to take action to stabilize the EZ and the euro. Today’s Spanish government debt auction went well, raising slightly more funds than expected. Other key releases today include US Unemployment Claims and Fed Chairman Beranke’s testimony before the Joint Economic Committee in Washington.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-june-7-disappointment-as-ecb-maintains-interest-rate-levels-offers-little-support/"]EUR/USD Climbs on High Hopes for Spanish Solution, QE3[/URL][/I][/B]