The main move on Tuesday was the decline seen in EURUSD, which saw the week’s short-held gains put aside as the market reacted to fresh speculation of stimulus from the ECB. The central bank bought covered bonds for a second day in a row as part of measures announced back in September. There were also unfounded reports in some media about more measures to come (corporate bond purchases), but so far the ECB has not committed to what form further measures may take. The move on EURUSD added to the slightly firmer dollar tone on other majors. EURGBP continued its correction from the highs above 0.8000 seen earlier last week. Overnight, we’ve seen a largely anticipated fall in Australian inflation, down to 2.3% (from 3.0%) on the headline measure. The Aussie was largely unmoved, trading slightly firmer vs. the US dollar into the European open. Note that New Zealand inflation, due to be released overnight, is seen slowing markedly (from 1.6% to 1.2%) and adding to the growing picture of inflation readings coming in lower than expected. For Wednesday, the minutes to the October MPC meeting will be watched by GBP closely, given that two members last month voted for higher rates. Since then, the global environment has become less certain, as reflected in recent minutes from both the Fed and RBA. As such, it would be surprise to see this vote remain intact. The market has already moved to reflect this outlook, but if both were to move to steady rates, sterling would likely come under some further modest selling pressure as a result. Otherwise, eyes on US CPI at 12:30 GMT, where move to 1.6% is anticipated. Further reading: MPC Meeting Minutes vote remains 7:2 The Case For A Strong USD And A Weaker AUD & NZD – ANZ FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EUR/USD Oct. 22 – Loses 1.27 on ECB speculation ahead Yohay Elam 8 years The main move on Tuesday was the decline seen in EURUSD, which saw the week's short-held gains put aside as the market reacted to fresh speculation of stimulus from the ECB. The central bank bought covered bonds for a second day in a row as part of measures announced back in September. There were also unfounded reports in some media about more measures to come (corporate bond purchases), but so far the ECB has not committed to what form further measures may take. The move on EURUSD added to the slightly firmer dollar tone on other majors. EURGBP continued its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.