Monetary policy paralysis has this market battered and bruised after this weeks FX moves. Draghi’s initial fighting words yesterday had the market classically stopping out a plethora of weaker EUR short outright positions ahead of 1.24, only to come crashing down when the market realized again that policy makers ideology was getting ahead of reality. Investors had high hopes that policy makers would deliver a comprehensive solution at the ECB monetary meeting this week. Draghi managed to announce a number of measures which “could” benefit European debt markets. However, with too many questions remaining regarding ... (full story)