Forex - EUR/USD slides after Beige Book

The U.S. dollar extended its gains against the euro in late U.S. trading Wednesday after the Federal Reserve’s Beige Book business survey said the world’s largest economy is growing at a "modest to moderate pace."  In U.S. trading Wednesday, EUR/USD declined...

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Forex - GBP/USD holds gains after Bernanke remarks

The pound held gains against the U.S. dollar on Wednesday, trading near two-week highs after comments by Federal Reserve Chairman Ben Bernanke sent the greenback lower, while the minutes of the Bank of England's latest meeting continued to support demand for sterling.  GBP/USD hit...

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Forex - EUR/USD remains lower after Bernanke remarks

The euro remained lower against the dollar on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank expects to start tapering bond purchases by the end of the year, but added that there was no “preset course.” EUR/USD hit 1.3052 during U.S. morning...

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Gold futures climb to 3-week high after Bernanke remarks

Gold futures rose to a three-week high on Wednesday, after Federal Reserve Chairman Ben Bernanke said the pace of the central bank’s bond purchases are not a “preset course”. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded...

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Bernanke says Fed tapering not “on a preset course”

In prepared remarks released before his testimony to Congress later in the day, Federal Reserve Chairman Ben Bernanke said the pace of the central bank’s bond purchases are not a “preset course”. "I emphasize that, because our asset purchases depend on economic and financial...

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U.S. building permits drop 7.5% in June; housing starts tumble 9.9%

The number of building permits issues in the U.S. fell unexpectedly in June, while housing starts tumbled, official data showed Wednesday.  In a report, the U.S. Census Bureau that the number of building permits issued in June fell 7.5% to a seasonally adjusted 0.911 million,...

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Forex - GBP/USD higher after BoE minutes, Bernanke eyed

The pound rose to session highs against the dollar on Wednesday after the minutes of the Bank of England’s July meeting showed that policymakers voted unanimously to keep the bank’s quantitative easing program unchanged. GBP/USD hit 1.5244 during European afternoon trade,...

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Forex - EUR/USD lower before Bernanke

The euro was lower against the dollar in subdued trade on Wednesday ahead of testimony on monetary policy by Federal Reserve Chairman Ben Bernanke later in the trading day. EUR/USD hit 1.3052 during European afternoon trade, the session low; the pair subsequently consolidated...

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European stocks hold gains as Bernanke speech approaches; Dax up 0.20%

European stocks held gains on Wednesday, as markets awaited Federal Reserve Chairman Ben Bernanke's testimony to Congress, scheduled later in the day.  During European afternoon trade, the EURO STOXX 50 climbed 0.41%, France’s CAC 40 gained 0.44%, while Germany’s DAX 30...

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Bank of America Q2 EPS USD0.32, beats expectations of USD0.26

Bank of America, the second largest U.S. bank, reported better-than-expected second quarter earnings ahead of Wednesday’s opening bell, sending its shares higher in pre-market trade. Earlier in the day, in its second quarter earnings report, Bank of America said earnings per...

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U.S. futures slip lower as focus turns to Bernanke; Dow Jones down 0.16%

U.S. stock futures pointed to a lower open on Wednesday, as markets were jittery ahead of Federal Reserve Chairman Ben Bernanke's testimony to Congress later in the day.  Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.16% fall, S&P 500 futures...

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Dollar mixed ahead of Benanke, BoE minutes boost pound

The dollar was mixed against the other major currencies on Wednesday ahead of testimony on monetary policy by Federal Reserve Chairman Ben Bernanke later in the trading day. During European late morning trade, the dollar edged higher against the euro, with EUR/USD sliding...

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Asian stocks mostly higher ahead of Bernanke comments; Nikkei down 0.58%

Most Asian stocks traded higher Wednesday, rebuffing Tuesday’s slack performance in the U.S., as traders await headlines from congressional testimony by Federal Reserve Chairman Ben Bernanke later Wednesday.  In Asian trading Wednesday, Japan’s Nikkei 225 fell 0.58% althoughUSD/JPY traded...

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Forex - USD/CHF steady, near 3-week lows

The U.S. dollar was steady against the Swiss franc on Wednesday, trading near three-week lows as investors awaited Federal Reserve Chairman Ben Bernanke's testimony to Congress later in the day.  USD/CHF hit 0.9386 during European morning trade, the session low; the...

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Copper drops 1% as dollar strengthens ahead of Bernanke

Copper futures came under heavy selling pressure on Wednesday, as the U.S. dollar strengthened ahead testimony on monetary policy by Federal Reserve Chairman Ben Bernanke later in the day. On the Comex division of the New York Mercantile Exchange, copper futures for September...

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