FOMC Meeting Minutes Show Caution – Employment Key for Tapering

The FOMC meeting minutes were somewhat overshadowed by the big roller coaster that Bernanke caused in his testimony earlier in the day. Nevertheless, the minutes show that a stronger recovery is needed for exiting QE. It’s important to note that these are minutes from the...

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Bernanke Mentions Option of Tapering – EUR/USD Falls, USD/JPY Leaps

When asked about an exit strategy, Ben Bernanke did release a comment that was certainly enough for dollar bulls. After an initial slide, the dollar is now marching forward. Bernanke said that the Federal Reserve could scale down QE “within the next few meetings”. Of course,...

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AUD/USD Loses 0.97 on Bernanke’s Subtle Tapering Hint

The Australian dollar enjoyed few days of consolidation, but this is over now. AUD/USD is falling under the round level of 0.97 and the next support line is not too far. The recent fall can easily be attributed to Ben Bernanke’s testimony in Washington. In his prepared...

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USD/CAD Highest in Nearly a Year – Broke Important Downtrend Resistance

The Canadian dollar continued its retreat against the US dollar on the background of weak Canadian retail sales and Ben Bernanke mention of a possibility of tapering QE. USD/CAD is now at the highest levels since June 2012, leaving two previous peaks behind. The next significant...

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Forex - GBP/USD falls on U.S. monetary policy issues, U.K. data

The pound fell against the greenback on Tuesday after comments from Federal Reserve Chairman Ben Bernanke along with the minutes of Fed policy meetings released earlier left investors concluding that U.S. stimulus measures may scale back soon.Soft U.K. retail sales data further...

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Forex - Dollar firms on Bernanke testimony, Fed minutes

The dollar rose against most of its peers in U.S. trading on Wednesday after Federal Reserve Chairman Ben Bernanke's told Congress that loose monetary policies will stay in place for now though talk of their dismantling may come up soon.In U.S. trading on Tuesday, EUR/USD was...

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U.S stocks end down on hawkish Fed minutes; Dow dips 0.52%

U.S. stocks fell on Wednesday with the release of the minutes from the Federal Reserve's latest policy meeting, which revealed monetary authorities favor scaling back stimulus measures as early as June. Stimulus measures, such as the Fed's monthly USD85 billion bond-buying...

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Forex - EUR/USD shrugs off Bernanke comments, weak U.S. data

The euro reversed earlier gains against the dollar on Wednesday and fell after Federal Reserve Chairman Ben Bernanke told the U.S. Congress policy will remain loose for now.In U.S. trading on Wednesday, EUR/USD was down 0.21% at 1.2878, up from a session low of 1.2869...

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Gold falls as Bernanke says policy stays loose, but under review

Gold prices erased earlier gains in U.S. trading on Wednesday after Federal Reserve Chairman Ben Bernanke said monetary stimulus policies will stay in place though scale backs were possible if economic indicators improve.On the Comex division of the New York Mercantile Exchange,...

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Forex - GBP/USD hits fresh 7-week lows after Bernanke comments

The pound fell to fresh seven-week lows against the U.S. dollar on Wednesday, after comments by Federal Reserve Chairman Ben Bernanke as expectations for further easing measures by the Bank of England continued to weigh on demand for sterling. GBP/USD hit 1.5075during...

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Gold futures gain ahead of Bernanke, U.S. stimulus in focus

Gold futures were higher on Wednesday, ahead of congressional testimony on the economy by Federal Reserve Chairman Ben Bernanke later in the day.Gold traders also looked ahead to Wednesday’s Federal Reserve minutes for further hints regarding the central bank’s monetary policy.On...

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