"That may well encourage renewed technical selling if the momentum remains in place through the remainder of today. Of course the Dudley speech at 1530 BST may well change the direction again but we see upside perhaps being capped ahead of the ECB meeting on 22nd October."
"Nowtony’s speech this morning was interesting in that he was particularly negative on the growth outlook for the euro-zone and was explicit in stating that the ECB was failing in its goal of price stability."
"There may well be a build-up of speculation of additional monetary easing next week, although we expect no change in stance at the meeting – admittedly though, it is becoming a close call. Still, the market appears convinced that the Fed will not be in a position to raise rates this year and that plus the ECB speculation is likely to keep EUR/USD within recent trading ranges."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.