Here's an interesting chart attempting to divine the direction of the euro/dollar exchange rate...

|By:, SA News Editor

Here's an interesting chart attempting to divine the direction of the euro/dollar exchange rate by measuring changes in the Fed vs. ECB balance sheet. When the Fed is growing assets faster than the ECB, the euro rises, and the opposite when the ECB expands quicker than the Fed. The euro's sharp move of late makes it vulnerable to a big sell-off if the Fed doesn't announce QE tomorrow.