On Expectations and Disappointments in EUR, USD and Oil

We start off by explaining the big Draghi Disappointment (and what could reverse the moves), the critical developments for a rate hike in the US, continue with slippery oil and sign off with the next events ahead.

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  1. Draghi Disappointment: Draghi giveth and Draghi taketh away. We look at the 10 points that triggered the 400 pip leap and why at least some of it could be undone.
  2. Cementing the US rate hike: Better than expected non-farm payrolls and Yellen warning about the risks of delaying the lift off. Do we really need more? We dive into the details that build the expectations.
  3. Slippery oil: OPEC members cannot agree with each other and have an even harder time convincing others. Even though expectations for a cut in oil production were low, the impact on the black gold could last for a long time.
  4. Preview: 3 rate decisions are sandwiched between Draghi and Yellen and we also have a detailed look at the US consumer, as well as other events on the agenda.

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