A question for you fundamental traders.

Among tomorrow's reports (Jan 12, 2005) I see where the ECB will possible move interest rates, and both the US and Canada will release their respective Trade Balance reports.

Is tomorrow going to be a roller coaster ride, or has the market already discounted the majority of the potential moves?

if the ECB moves rates, its gunna be HUGE volatility! same with the UK, but nothing should happen there.

other than those, we should get some volatility on the US trade balance. i doubt there will be a follow through though, the market usually reacts to the trade balance, then shrugs it off pretty quickly. its interest rates that the market cares about, not trade deficits.