Fed Event Risk Remains in Play

From oanda.com

In the current environment, Capital markets are being held captive by the smallest of expressions from key central bankers, with ‘helicopter’ Ben Bernanke’s appearance before congress later today likely to dominate and test the nerves of most trader’s. Many expect the Chairman to reiterate the point that he and his fellow policy makers will remain accommodative for an extended period, despite considering paring the amount of its monthly asset purchases. The market can expect the Fed to cite any economic “soft patch” examples as a temporary off-putting reason not to wholly engage in their definition of ... (full story)