The overnight trades are Short ES from 7:33 and Short CL 7:42
European Central Bank (ECB) will announce its policy decision tomorrow morning. Smart Money is optimistic that Draghi can thread the needle between stimulating economy and not hurting the banks with negative interest rates.
In addition to the policy statement, the press conference will be a market moving event. Expectations are high. In the past, for the most part, Draghi has met or exceeded expectations. For this reason, just in case tomorrow happens to be a rare occasion of Draghi not meeting expectations, look out below. In our analysis, more likely than not, Draghi will meet expectations.
