European politics have dominated the headlines this week but the most important event risk on the calendar will be tomorrow’s Eurozone PMIs and the October European Central Bank monetary policy announcement. Having just rolled out a series of measures to stimulate the economy in September, no further action is expected from the central bank. So unlike September 12th when EUR/USD had a 160 pip daily range after ECB, the moves in the currency pair this month will be more measured. In fact, we would not be surprised if the market shrugged off the event. The most important part of the ECB meeting will be Mario Draghi’s ... (full story)