10 May Friday Update
Mr. Ben Bernanke is due to speak at Federal Reserve Banks 49th
Annual Conference on Bank Structure and Competition in Chicago at 7:15 PM.
As a head of the Central Bank which control short term
interest rates, he has more influence over the nation's currency value than any
other person. Traders scrutinize his public engagements as they are often used
to drop subtle clues regarding future monetary policy.
Likewise, FOMC Member Evans at 6:10 PM and FOMC Member
George at 11:45 PM are to speak as well.
There is already a buzz in the market about speculation
about tampering QE. Sentiment has started to show as in the chart image,
breaking the 50% retracement level 35086.
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