QE program may dominate ECB's meeting

Sentiment indicator of EU Commission is released today and remain steady for November at 106.10. This indicator draws markets' attentions as it will have a significant impact on the ECB's next week decision. 

ECB's additional asset purchase program may dominate ECB's meeting. Therefore, the Bank will be closely observed by the FX market.

"The ECB will likely hold out the prospect of further measures in the event that it has to revise its inflation and growth projections downwards again", says Commerzbank.