EURUSD

take your seats, the show it's beginning (Up or Down) make your bets lolol

i don't think it will crash this time, but be prepared for anything!

yeah, and then get bummered by whipsaw...

is anybody scalping this ?

no way, scalping at this time is a dangerous game dude.

The word of order is stay calm... and wait

Don't have "live" access but delayed http://markets.ft.com/markets/bonds.asp

sisse

crude has started to break down. this may crash EU down!

Markets are moving now at least

CALMMMMMMMM

what is he talking what what????


went short from 37 and then spread widend and got out for couple of pips... not gonna trade news

Anyone know what he said?

us economy slowing
but not a double dip

he says UP... DOWN.... UP.... DOWN...

DJ MARKET TALK: Bernanke Lays Out Options, Should Economy Weaken More
1401 GMT [Dow Jones] The dischordant chatter of central bankers is giving way to clarity this morning as Fed Chairman Ben Bernanke outlines what it is he believes the central bank can do should the economy weaken further. He says 'the FOMC will do all that it can to ensure continuation of the economic recovery,' and he says more purchases of long dated securities could be employed. Bernanke also says the Fed can be more explicit in its commitment to keep interest rates low, or it could lower the already rock bottom rate it pays banks to hold reserves at the Fed. Bernanke knocks down the idea that the Fed should raise its level of desired inflation, deeming that option too costly in the longer run. That said, the Fed chairman seems to believe such options will not need to be employed, saying 'despite this recent slowing, however, it is reasonable to expect some pickup in growth in 2011 and in subsequent years.' ([email protected])


No QE for now... double-dip recession less likely...

USD should gain strength or lose strength? Meh, above since to hint EUR/USD surge. Fundamentally though, EUR/USD should plunge.

"However, such a strategy is inappropriate for the United States in current circumstances."

"Should further action prove necessary, policy options are available to provide additional stimulus."

Chairman Ben Bernanke says Fed ready to do more unconvl mon
accom if outlook worsens significantly.

Will evaluate whether addl mon pol easing beneficial. Will strongly resist downward deviations from price stability. Fed will do all it can to ensure recovery continues.
Fed has tools; the issue is costs and benefits of using tools. More l-t
asset purchases wld be effective but impact uncertain.

More QE could hurt confidence in Fed exit ability. Could say will keep rates low for even longer period.

IN FACT THE R&S maintain... so take attention to any reaction Above Resistance (1,2750/60) or Below Support (1,2650/60). This is the really keys

Tripeiro FX

Ben Bernanke adds:

recov repair task far from complete

Econ growth less vigorous than expected

Job growth painfuly slow

Firms reluctant to add new employees

This is not over yet...

ECB President Trichet Speech today

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