It's confirmed, the ECB can "walk the walk and talk the talk" after yesterday's promises. Euro policy makers have stopped at nothing, and have finally decided to throw everything, including the kitchen sink, at the regions twin potent risks of deflation and tepid growth. What the market heard from Draghi was certainly more dovish than anticipated, however, the squeeze on the EUR higher has been an even bigger surprise and the most painful so far. The EUR bear will be looking to this morning's US non-farm payroll report as a lifeline. A strong jobs report will give credence to the Fed's tapering endgame and naturally ... (full story)