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EUR/USD fell 15 pips Monday.............>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD fell 15 pips Monday. Shrinking volatility was reflected in
an inside bar on a daily chart. Price action was mostly driven by USD
fluctuations, while mixed EZ industrial output data was ignored.
- The pair trades flat at $1.1026. Bears look for a dip under the psychological
$1.1000 barrier. Meanwhile, a break above the $1.1042 50-DMA would allow bulls
to gain some momentum & target the Oct 11 high of $1.1063.
- News focus is on Brexit matters, with Finnish PM Rinne noting that there is no
time to strike a Brexit deal before Thursday's meeting of EU leaders.
- Catalans took to the streets of Barcelona after the Spanish Supreme Court
sentenced a group of separatist leaders for jail. The re-emergence of separatist
tensions wouldn't help alleviate existing political instability in the country,
with Spain due to hold its fourth general election in four years on Nov 10.
- German ZEW survey and French CPI will be released today. EZ & Italian CPIs, as
well as EZ trade balance, will hit on Wednesday. There is a fair number of ECB
speakers coming up this week, with Knot set to appear later today. Thursday's EU
Council summit will also be closely watched.
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