A last reminder into the 3pm ET ECB Draghi...>

EUROPE: A last reminder into the 3pm ET ECB Draghi speech at Jackson Hole Fed

conference, and here are some banks' varied views on such: 

- ECB President Draghi does not talk until well after European markets have gone

home for the wknd, and Gilt/Bund traders left for extra-long UK bank holiday

wknd, but he is not expected to touch on current QE program thinking. 

- HSBC economists: "With only 2 wks until next ECB meeting, HSBC does not expect

Draghi to sway from an academic speech linked to "Fostering a Dynamic Global

Economy", nor does it see much fresh coming from BoJ Governor Kuroda." 

- BMO's Ian Lyngen: Draghi:wk's "true wildcard;" which "leaves the emphasis on

Mario's comments over Janet's; post-close liquidity conditions on the last Fri

in August will certainly add to the volatility, if we do happen to see hear

anything more concrete about changes to the ECB's bond buying program." 

- TD: "while we are strategic EUR bulls, we think FX mkts may have overreacted

to Yellen's speech on the basis of a lack of hawkish undertones especially with

the mkt skeptical about future Fed policy already, particularly with Draghi yet

to speak."