*ECB SAID TO PREPARE BROAD-BASED QE PACKAGE FOR JANUARY MEETING

So, despite telling us earlier than not January and not ready, we get this spurious headline just as EURUSD crossed 1.2450... Fun-durr-mentals indeed.

Here is Bloomberg's Jana Randow:

European Central Bank Governing Council expects to consider proposal for broad-based asset program including sovereign debt next month, two euro-area central-bank officials familiar with deliberations said.

Package envisaged to include all kinds of bonds, no equities

Package hasn't been designed yet; no decision on implementation taken yet

Composition of package may be influenced by incoming data

Officials asked not to be identified because discussion is private

ECB spokesman declines to comment