Gold Jumps, Bunds Slump, EUR Pumps After Draghi Disappointment
Over-promise and under-deliver appears to have been the Draghi meme as the ECB chief’s loss of control of market front-running has left traders rapidly reversing their buy-the-rumor positions. EUR/USD is spiking higher, Bund yields – most focused at the short-end – are surging, DAX is dumping, and US equity and bond markets are being sold. USD weakness has…