Tonight's CPI number could be important to the ECB as Europeans have historically been scared to death of inflation. Inflation typically is a killer to consumers and much of the Euro Zone GDP is based on Consumption, halph of French GDP. If tonight' number, Ex Oil, comes out lower than expectations as it should; remember a higher Euro means cheap imports, it could pave the way for the ECB to cut rates Thursday. Credit Agricole and J.P.Morgan predict a 25 BP cut, Goldman and Duetsche Bank predict no cut, so the market is devided, this should temper any rally in the EUR/USD crossas market players are divided. Don't be too quick to buy the pair if they don't cut, WAIT FOR THE COMMENTS as to their change in bias.