EUR slaughter due 1.30 breach. ECB bond buying will go into overdrive

ECB meeting at 0930GMT. Highly likely a resumption and increased buy up of EZ bonds by the European Central Bank

ECB buys more EZ bonds = weakens EUR + Strengthens USD + UST's yields up = Dow and S&P sell

refer to the Dow correlation with a EUR sell and it's time for a catch up (note divergence Dow/EUR) i.e sell off (stocks)



To drive more liquidity into the bond markets would mean weakening another market, so it's a sell, in my opinion. Let's see what these crazy ECB guys do huh?