Yesterday’s late rally continued overnight as Chinese stock markets are closed for Victory Day.  Metals do not share stocks’ bullishness as the markets await the ECB rate announcement and Draghi’s follow on press conference.  In addition to the ECB, there’s plenty of tier 1 data for traders to focus on.  Size bias remains long into this morning’s announcements against a general market short undertone.  Volatility overnight was lower on lack of Chinese information.