Holiday Trading: The EUR/USD has broken above recent consolidation ahead of the release of the transcript of Bernanke’s speech, which was interpreted as pro-stimulus, more so then previous statements regarding QE3, which is USD-negative. However the market didn’t extend the breakout after Bernank’e speech was released and instead fell back below 1.26. Today (9/3), we start a new week with the US session on Labor Day – a US bank holiday that celebrates worker’s contributions to the country. Low volume trading can expected, and that can lead to low volatility, OR high volatility if the market is intent on extending ... (full story)