Headline ping pong today. EUR/USD bounces to 1.2783

Just looking for the story now.

It’s up on Fast FT and is another “sources” story saying that corporate bond buying will not be on the agenda at the December ECB meeting.

Add it all together and there’s no official denial that it’s being chewed over and we’re unlikely to see any concrete comment from Draghi at the December meeting. We’ll not have to wait that long as the question will obviously come up at the 6th Nov meeting.

Here’s a link to the article which doesn’t offer a lot really.

As for the price moves, it just shows how willing the market is to jump on any QE type headlines, and also there’s not a lot else going on right now.

European stocks have unsurprisingly been knocked back on the news too.