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All eyes on ECB - UOB

FXStreet (Guatemala) - Analysts at UOB Group explained that all eyes will be on the ECB this week.

Key Quotes:

"Whilst we are not expecting any change in policy stimulus, there will still be a lot of focus on ECB President Mario Draghi, who may comment on the possible increase of their QE program. EUR/USD failed to breach the 1.15-handle last week and has fallen back below the 1.14-figure."

"Economic data this week include the flash readings of the October PMI surveys for France, Germany and the Eurozone on aggregate.

The preliminary reading of the EU Commission’s Eurozone consumer confidence barometer for October is also due. France’s INSEE also publishes its October business survey, whilst German PPI figures for September will also be of interest."

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