That he’s a lot more relaxed about both the recent US data and Europe than the market thought he would be. Especially after Yellen put out the red alert…QE3 is an option, but not one he seems in any hurry to deploy.
Gold is back below $1600 and EUR/USD is consolidating after stalling at critical resistance at 1.2625. A break of 1.2535/40 should see pressure return to the downside in EUR/USD near-term.
