All Eyes on Federal Reserve Chairman Ben Bernanke testimony.

Across world all stock markets shoots up on stimulus optimism. US three major indices closes more than 2% on wednesday.

Draghi said the ECB stands “ready to act” should the debt crisis damp the euro-area economy further, and that “a few” Governing Council members pushed for a rate reduction at yesterday’s policy meeting but there’s an element of helplessness.

Australia Unexpectedly added 38.9k  workers last month as employers hopefull for growth after RBA cut  75 basis point in last two meetings.

Market is looking for below economic data today,

UK's PMI

US's Initial Jobless claims

FED's Bernanke testifies

Trade Calls for today from Vipul Trivedi(Century Financial Brokers L.L.C Dubai),

Sell Euro at 2625/30 stop above 2685  target 2500/2465

Buy Usd/Chf at 9535 stop below 9500 target 9625 or sell at 9638 stop above 9660 target 9540

Aud/Usd intraday target 0.9845

Sell Usd/Cad  at 1.0299 stop above 1.0355 target 1.0227

Sell gold at 1623 target 1614 stop above  1630