Noted pundit sees chance for 75 bp cut on Thursday

One of the more notable hedge fund advisory firms sees the ECB cutting 50 bp for sure on Thursday with a chance for 75 bp. They then see a pause before a further cut in March.

EUR/USD is dipping after running into repeated sales on rebounds to the 1.3430/50 area.

The Conference Boards employment trends index, a relatively new number, dropped to 99.6 in December from a lower revision of 101.2 in November.