Draghi Dread and the Head of the Fed — MM #162

We talk about ECB’s decision and the exaggerated market reaction, continue to discuss the next chair of the Fed and end up with previewing a very busy week.

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  1. ECB rocks the boat, but why?: The ECB followed the script but the euro slipped on the decision due to its open-ended. However, there were other reasons? We pore over everything, poke holes in the reaction and then talk about what’s next.
  2. Who will head the Fed?: We have already the positive response in the dollar to Yellen’s ousting but the remaining candidates differ quite a bit from each other. What does each candidate, Powell and Taylor offer to the dollar, stocks and bonds? We examine.
  3. Preview: It’s a busy week with the BOE, the Federal Reserve and the Non-Farm Payrolls fill up a very busy week.

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