Bank of America Merrill Lynch: Draghi boosts sentiment "Risk assets should outperform over the next 6 weeks as markets realize they may have overreacted in December. Still, the risk is that too much focus on the next meeting may lead to possible disappointment once again and continued volatility." the source
FED, ECB, Greece: "The Greek Referendum will drive headlines for the near-term. We believe that divergence of monetary policies is a more powerful EUR driver than Greek risks. In this context, the timing of the first Fed rate hike (September is our call) and the ECB’s tone (the market misread the ECB’s message to get used to volatility) are more important for the euro than Greek headlines. Whilst Greek headlines and deadlines are clearly ...
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