{"id":32755,"date":"2025-10-21T16:51:26","date_gmt":"2025-10-21T08:51:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=32755"},"modified":"2025-10-21T16:51:26","modified_gmt":"2025-10-21T08:51:26","slug":"euro-slips-as-traders-eye-ecb-speeches-for-policy-clues","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/trading-tips\/euro-slips-as-traders-eye-ecb-speeches-for-policy-clues\/","title":{"rendered":"Euro Slips as Traders Eye ECB Speeches for Policy Clues"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/Image_fx-2025-10-03T175502582-1024x559.png\" alt=\"\" class=\"wp-image-31522\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>EUR\/USD<\/strong> dipped 0.15% to <strong>1.1624<\/strong>, extending a mild two-day pullback.<\/li>\n\n\n\n<li>Markets positioned ahead of the <strong>ECB\u2019s blackout period<\/strong> starting Thursday.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The <strong>euro<\/strong> slipped to <strong>1.1624<\/strong> on Tuesday, losing modest ground against the <strong>US dollar<\/strong> as investors turned their focus to a series of <strong>European Central Bank (ECB)<\/strong> speeches this week for insight into the upcoming policy decision.<\/p>\n\n\n\n<p>The ECB will enter its <strong>pre-meeting blackout period<\/strong> on Thursday, limiting public remarks from policymakers. Market participants are watching for final guidance before the 24 October meeting, where expectations have shifted toward a <strong>gradual easing bias<\/strong> amid signs of slowing inflation and weak credit growth across the bloc.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Euro-area inflation will probably meet the ECB\u2019s 2% goal over the coming years, according to Bundesbank President Joachim Nagel said <a href=\"https:\/\/t.co\/mmSop0eulK\">https:\/\/t.co\/mmSop0eulK<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1979536544458305964?ref_src=twsrc%5Etfw\">October 18, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In the <strong>money markets<\/strong>, traders now fully price in a <strong><a href=\"https:\/\/t.co\/GDBH0lZqj1\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">25-basis-point rate cut by July 2026<\/a><\/strong>, with two additional <strong>Federal Reserve<\/strong> cuts seen by year-end, according to swap data.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Dollar Steady as Sentiment Improves<\/h2>\n\n\n\n<p>The <strong>US dollar<\/strong> held firm as signs of easing <strong>US\u2013China trade tensions<\/strong> boosted sentiment. <strong>US Treasury Secretary Scott Bessent<\/strong> and <strong>Chinese Vice Premier He Lifeng<\/strong> are due to meet in <strong>Malaysia<\/strong> this week to prevent the escalation of US tariffs on Chinese goods.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US President Donald Trump said he expects to reach a fair trade deal with Chinese President Xi Jinping and downplayed risks of a clash over the issue of Taiwan, even as his top trade negotiator accused Beijing of engaging in \u2018economic coercion\u2019 <a href=\"https:\/\/t.co\/61mx8prD9k\">https:\/\/t.co\/61mx8prD9k<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1980525753486696883?ref_src=twsrc%5Etfw\">October 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The development follows <strong>President Donald Trump\u2019s<\/strong> recent remarks calling the tariff stance \u201cunsustainable,\u201d sparking hopes of a temporary truce.<\/p>\n\n\n\n<p>Meanwhile, optimism around a potential resolution to the <strong>US government shutdown<\/strong> also provided limited support for the greenback.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The <strong>EUR\/USD<\/strong> pair traded slightly lower at <strong>1.16240<\/strong>, marking a <strong>0.15% decline<\/strong>, as the U.S. dollar regained traction amid rising Treasury yields and cautious risk sentiment. The pair\u2019s struggle to sustain gains above <strong>1.1700<\/strong> signals persistent resistance pressure, with investors favouring the greenback ahead of upcoming U.S. macro data releases.<\/p>\n\n\n\n<p>From a <strong>technical perspective<\/strong>, the euro remains confined within a mild descending channel since peaking at <strong>1.19186<\/strong>. The daily candles are holding just below the <strong>5- and 10-day moving averages<\/strong>, signalling weakening bullish momentum.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-27-1024x449.jpg\" alt=\"\" class=\"wp-image-32756\" \/><\/figure>\n\n\n\n<p>A sustained move below <strong>1.1600<\/strong> could pave the way toward the next key support at <strong>1.1520<\/strong>, while upside recovery faces a tough ceiling near <strong>1.1700\u20131.1750<\/strong>.<\/p>\n\n\n\n<p>The <strong>MACD<\/strong> indicator reinforces this neutral-to-bearish bias with the MACD line remaining below the signal line, and the histogram continues to show red bars, reflecting downward momentum. Unless the pair breaks above <strong>1.1700<\/strong>, the short-term trend remains tilted to the downside.<\/p>\n\n\n\n<p>On the <strong>fundamental side<\/strong>, the euro continues to face pressure from diverging economic and policy outlooks.<\/p>\n\n\n\n<p>While the European Central Bank maintains a cautious tone amid slowing growth and weak inflation, the Federal Reserve\u2019s commitment to holding rates higher for longer supports the dollar.<\/p>\n\n\n\n<p>Broader market focus now turns to upcoming <strong>U.S. PMI and <a href=\"https:\/\/www.bea.gov\/data\/gdp\/gross-domestic-product\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">GDP data<\/a><\/strong>, which could further influence rate expectations and volatility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Outlook<\/h2>\n\n\n\n<p>With the <strong>ECB blackout period<\/strong> approaching, volatility in the euro may remain muted until policymakers deliver clearer signals on rate expectations. Broader sentiment remains driven by the balance between <strong>European growth risks<\/strong> and <strong>Fed easing bets<\/strong>, suggesting EUR\/USD may stay rangebound near current levels until fresh catalysts emerge.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro edged lower on Tuesday as investors awaited comments from European Central Bank officials ahead of next week\u2019s policy meeting, while easing US\u2013China tensions lent modest support to the dollar. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":31522,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[51],"tags":[56,10],"class_list":["post-32755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-tips","tag-euro","tag-forex"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/32755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=32755"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/32755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/31522"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=32755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=32755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=32755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}