it's all in FOMC "wording" games, ECB has to act on Thursday AM with something the market likes or bombs away, Draghi has opened his mouth causing this rampo, now it needs to be "backed up"
They wont denounce it but probably keep up that they will do whatever it takes.I think we could see something in Sept that is different as BO wants to get elected again but from what I havebeen reading QE3 will happen next year if the market REALLY starts to go south.