Traders are setting their focus on 3 key events today as U.S. market session prepares to open. U.S futures are suggesting positive open with the Dow Jones fair value up by 20.64 and the S&P 500’s fair value higher by 3.34.  The NASDAQ is getting nice push higher ahead of Apple’s (APPL,  [stock APPL]).  Fair value for the NASDAQ is higher by 9.81.One of the 3 key events today was the Germany court decision on the legality of the European Central Bank (ECB) to buy unlimited bonds. The German court ruled in favor of the ECB to proceed with the bond purchasing program.

The second event kicked off with the Federal Reserves’ two day meeting in which is widely expected to announce the third round of quantitative easing (QE3) at the end of the second day of meeting.

The final key event today is Apple’s (AAPL, [stock AAPL]) huge media event today.  During the event is it is widely expected Apple will unveil the iPhone 5.

It will be interesting to see how traders and investors will react since Facebook’s (FB, [stock FB]) to CEO Mark Zuckerberg’s first interview since the company’s IPO.  Zuckerberg comments that stock’s drop is disappointing but remains very optimistic about the company’s future.