Bernanke's Testimony | Forex Factory

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Bernanke's Testimony

  • #1
  • First Post: Jul 13, 2011 9:19am Jul 13, 2011 9:19am
Bernanke said, with the unemployment rate falling "only gradually."

Impact on GBPUSD
A whopping range of 50 pips
http://img193.imageshack.us/img193/2407/bernanke.png
  • #2
  • Jul 13, 2011 12:56pm Jul 13, 2011 12:56pm
GBP daily HI to LOW = 210 pips . what are you referring to?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3
  • Jul 13, 2011 2:56pm Jul 13, 2011 2:56pm
I think you mean 150 pips.

In addition, if that is what he said, then he is LYING. Last week (and the last few months as well) it was proven that the unemployment rate is RISING "gradually." NFP isn't reporting even close to the number of new jobs necessary to accomodate the rate at which the work FORCE is growing.
  • #4
  • Jul 14, 2011 8:56am Jul 14, 2011 8:56am
Quoting kibescorp
I think you mean 150 pips.

In addition, if that is what he said, then he is LYING. Last week (and the last few months as well) it was proven that the unemployment rate is RISING "gradually." NFP isn't reporting even close to the number of new jobs necessary to accomodate the rate at which the work FORCE is growing.
You know why I bolded those words =)

Anyway, another 50 pips testimony is coming in 3 mins time!
  • #5
  • Jul 14, 2011 9:21am Jul 14, 2011 9:21am
Bernanke talking about unemployment isn't what moved the market. It is something he mentioned though.
  • #6
  • Last Post: Jul 14, 2011 11:19am Jul 14, 2011 11:19am
10:36a
Dollar index rises to 75.014 as Bernanke speaks
as quoted from MarketWatch

GBPUSD
Today's 50 pips jump by our awesome Bernanke.. lol
http://img560.imageshack.us/img560/6...0pipsrange.png
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