1:50 PM · 26 September 2019

US indices down, euro recovers ahead of Fed speeches

US500 gives back some of the previous gains and EURUSD recovers from the 2019 low of 1,0922 ahead of some key Fed speeches later in the afternoon. The calendar holds 4 of them between Daly, Clarida (both at 4:45pm BST), Kashkari (7pm) and Barkin (9:30pm). One of the main stories of the morning is resignation of Sabine Lautenschlaeger from the ECB which is interpreted as her opposition to the new round of the QE. It will be therefore important who will replace her as the Bundesbank representative.

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