Here we sit, right in the middle of the day’s range with most of this week’s action likely to be modest position adjustment until the main events come Friday.

The Bernanke and Draghi speech’s are eagerly awaited while we also get Chicago PMI Friday.

GDP Wednesday will be a closely watched data point, but it will pale compared to Friday, when the market may get a better sense of timing for action from both the Federal Reserve and the ECB.