- His proposal said to include bond buying, rate cut, new LTRO
- To hold talks with Buba’s Weidmann before before council meeting on August 2
- Draghi has already secured German and France’s endorsement for a plan to reduce bond yield in Spain and Italy
All according to Bloomberg.
EUR/USD reaches 1.2386.
Sounds like Draghi isn’t just going to use the nuclear option. He’s gonna use all the nuclear options.
The market is set up for failure if he doesn’t give us the full Monti, I mean Mario, now.
1.2400 barriers and technical resistance are the next hurdle for the market. 1.2420 is trendline resistance with the trend extending back to May 1.
