ECB press conference started out with Draghi leaning hawkish saying Global risks are almost balanced a Hint that ECB maybe a step closer to Ending QE.Euro rallied and schatz sold off.During Q &A Draghi said :
- ECB hasn’t discussed options for June
- ECB did not discuss Exit strategy
- ECB not confident inflation on Track
- ECB did not discuss changing forward Guidance
Down went the Euro.Euro has a gap from Mondays open at 1.08485 and that is clearly in focus as it trades lower.Markets expected a hawkish Draghi and Got it for most of press Conference,but with no solid hint that June will be the meeting that Declares the end of QE Euro bull wanted out.Bunds and BTP’s rallied as well.