Stating the obvious here, but it is all about the European Central Bank meeting today. Evidently, many traders were just sitting on their hands this morning; they didn’t want to speculate boldly ahead of the conclusion of the policy meeting. The stock market bulls know full well that the ECB can disappoint like it did in December, while the sellers don’t want to stand in the way either should the central bank exceed expectations. This indecisiveness is clearly reflected in the daily charts of the DAX and the EUR/USD; both have moved sideways over the past several trading days, with opening and closing levels being ... (full story)