Watch out for Dovish Draghi and Hawkish Weidmann

Two of the key speakers from European Central Bank are scheduled to speak today, one a dove, another a hawk. Views are vital to have a feel on, what to expect in European Central Bank's (ECB) much awaited December meeting.

Mario Draghi - European Central Bank (ECB) president is scheduled to speak in Madrid, Spain at European roundtable of Industrialists (ERT) at 10:15 GMT or 11:15 CET. Comments though may not be related to monetary policies directly, nevertheless Draghi would be presenting European Central Bank's (ECB) collective views on what the bank has to offer going ahead. Comments on the sideline of the event will also be carefully evaluated.

Jens Weidmann - Bundesbank chief and chair at Bank of International Settlements (BIS) is well known for his hawkish stance and was clearly against monetary stimulus, arguing that it blurs the line between fiscal and monetary policy. Today he will be speaking at monthly release of economic report from Bundesbank and is likely to pose arguments against further stimulus. Key to understand, how the hawks might debate in December meeting.

Euro is continuing to hover around 1.07 mark, currently at 1.073 against Dollar.