European shares are set for a lower open on Friday as investors await key speeches by central bank heads with the anticipation that monetary policy will remain supportive in the near term.

According to IG, the FTSE is called down 3 points at 6,775, the German Dax is seen off by 8 points at 9,394 and the French CAC is seen lower by 3 points at 4,290.

Investors await possible clues about the future path of interest rates with U.S. Federal Reserve Chair Janet Yellen due to speak at the symposium at 3 p.m. London time. The speech is widely expected to be dovish, but the Fed's hawkish July meeting minutes earlier in the week have added some doubt for some market participants.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities.

Opinions are the authors — not necessarily OANDA’s, its officers or directors. OANDA’s Terms of Use and Privacy Policy apply. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD retreats to 1.0750, eyes on Fedspeak

EUR/USD retreats to 1.0750, eyes on Fedspeak

EUR/USD stays under modest bearish pressure and trades slightly near 1.0750 on Wednesday. Hawkish comments from Fed officials help the US Dollar stay resilient and don't allow the pair to stage a rebound.

EUR/USD News

GBP/USD struggles to hold above 1.2500 ahead of Thursday's BoE event

GBP/USD struggles to hold above 1.2500 ahead of Thursday's BoE event

GBP/USD stays on the back foot and trades in negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The renewed US Dollar strength on hawkish Fed comments weighs on the pair as market focus shifts to the BoE's policy announcements on Thursday.

GBP/USD News

Gold fluctuates in narrow range below $2,320

Gold fluctuates in narrow range below $2,320

After retreating to the $2,310 area early Wednesday, Gold regained its traction and rose toward $2,320. Hawkish tone of Fed policymakers help the US Treasury bond yields edge higher and make it difficult for XAU/USD to gather bullish momentum.

Gold News

SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51

SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51

Ripple (XRP) dipped to $0.51 low on Wednesday, erasing its gains from earlier this week. The Securities and Exchange Commission (SEC) filing is now public, in its redacted version. 

Read more

Softer growth, cooler inflation and rate cuts remain on the horizon

Softer growth, cooler inflation and rate cuts remain on the horizon

Economic growth in the US appears to be in solid shape. Although real GDP growth came in well below consensus expectations, the headline miss was mostly the result of larger-than-anticipated drags from trade and inventories.

Read more

Majors

Cryptocurrencies

Signatures