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| Bernanke Speech Set to Create Major Volatility Posted: 31 Aug 2012 01:46 AM PDT
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to pay careful attention to a speech from Fed Chairman Bernanke, set to take place today, August 31st at 14:00 GMT. After Bernanke failed to mention new steps to boost the US economic recovery during a speech in July, investors began shifting their funds away from riskier assets, which sent the EUR/USD tumbling.
Don't miss out on another opportunity to capitalize on market volatility! Investors are eagerly awaiting today’s speech to see if Bernanke will hint at new steps the Fed may take to boost the US economy. If he does outline a plan to stimulate economic growth, riskier currencies like the euro and Australian dollar could see major gains before markets close for the weekend. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don't miss out! Read more forex news on our forex blog |
| Posted: 31 Aug 2012 01:44 AM PDT
The marketplace was relatively quiet during the overnight session, as investors were hesitant to open new positions ahead of an eagerly anticipated speech from Fed Chairman Bernanke today. The one exception was the Australian dollar, which extended its bearish trend due to a slowdown in China's economy. As Australia's biggest trading partner, economic data out of China tends to have a big impact on the AUD. The AUD/USD hit a one-month low at 1.0277 last night before staging a slight upward correction. The pair is currently trading at the 1.0305 level. Main News for Today Read more forex news on our forex blog |
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