Euro takes a swan dive on Reuters ECB “sources” story doing the rounds

  • ECB Policymakers Disagree On Whether To Set Firm End-Date For Bond-Buying Programme In Oct
  • Some ECB Rate Setters Want To Be Able To Extend Or Expand Buys If Needed
  • Some Elements Of ECB Decision Could Be Put Off Until Dec
  • Concern Over Euro Strength Is Leading To Uncertainty And Divide Within ECB Council

EURUSD quickly spills to 1.1953 from 1.1988. The market is tied up into October and Dec to find out what the ECB is going to do. Any headlines like this will undermine the expectancy currently in the market and give the euro a kick in the shins.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
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Ryan Littlestone

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