Intraday Market Thoughts

Draghi Places Bundesbank in Corner, EURUSD Techs

by Ashraf Laidi
Sep 6, 2012 18:06

Draghi succeeds in reducing the relevance of the Bundesbanks opposition to bond purchases by making bond-purchases dependent upon ESM conditionality. And by integrating the conditionality of the ESM/EFSF plan into the much-needed bond purchase program, Draghi has also firmly sent the ball back into court of national governments. Here is more on ECB, ADP & EURUSD Technicals


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