Euro advanced due to tensions within the ECB

•      Euro advanced due to tensions within the ECB

•      A report citing internal tensions within the European Central Bank caused the EUR to strengthen

•      National central bankers plan to challenge the ECB President Mario Draghi over his move to set a target for the Bank’s balance sheet size

•      after the reported tensions and disagreements within the ECB this expectations are been reduced a large scale QE program

•      European Commission slashed its Eurozone economic growth forecast; limited impact on EUR as the market had already partly priced in the slower growth

•      In New Zealand strong employment data strengthened Kiwi. This could add upward pressure on consumer prices in the coming months

•      Despite the robust figures, I believe RBNZ will still remain on hold

•     Today :

•      Final service-sector PMIs for October: For Eurozone, Germany and France

•      Eurozone: Retail sales for September

•      UK: service-sector PMI for October

•      US: The US ADP employment report for October and final Markit service sector PMI and the ISM non-manufacturing index both for October