Editor's Note: The excerpt and chart below are from this morning's Early Look which was written by Hedgeye analyst Matthew Hedrick. For more info on how you can become a subscriber click here.
...Draghi’s “whatever it takes” continues to spell a willingness to increase his QE purchasing program (currently structured at ~ €60 billion/month – see Chart of the Day below). Look to Jackson Hole at the end of the month (Aug. 27-29) as an opportunity for Draghi to talk down the Euro. An increase in his QE target would send the Euro falling.
