{"id":14075,"date":"2010-10-15T08:26:51","date_gmt":"2010-10-15T12:26:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14075"},"modified":"2010-10-15T08:26:51","modified_gmt":"2010-10-15T12:26:51","slug":"bernanke-speech-could-compound-dollar-losses","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/15\/bernanke-speech-could-compound-dollar-losses\/","title":{"rendered":"Bernanke Speech Could Compound Dollar Losses"},"content":{"rendered":"<p><strong>By Russell Glaser <\/strong>&#8211; The dollar continues to slide during the European trading session as  traders eye a speech today by Federal Reserve chairman, Ben Bernanke.  The speech could increase the negative momentum behind the dollar\u2019s  bearish move as the major currencies advance on the potential  quantitative easing.<\/p>\n<p>Yesterday\u2019s volatile trading session  which had the dollar falling to new lows appears to have carried over  into today\u2019s trading. The EUR\/USD is moving higher at 1.4080, up from an  opening day price of 1.4036. The USD\/JPY is lower at 81.20, down from  an open of 81.40. The Cable is posting solid gains as the GBP\/USD is  pushing for a new 4-month high at 1.6065, up from 1.6000.<\/p>\n<p>Traders will be looking towards the 12:15 GMT speech by Bernanke as  to the next move by the Fed. The speech could hint at a second round of  quantitative easing which could push the dollar lower versus the majors.  However, markets may have already priced in a renewal of quantitative  easing, leaving the dollar oversold should Bernanke\u2019s speech not address  an easing of monetary policy.<\/p>\n<p>Yesterday\u2019s large moves by the major currencies could continue in the  New York trading session. The EUR\/USD is testing yesterday\u2019s 9-month  high at 1.4120. The USD\/JPY may fall below the 81 level for the second  time this week, and the GBP\/USD looks to move above yesterday\u2019s high of  1.6060 to the next resistance of 1.6250.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                        may     not    be          suitable      for         all                        investors.            There        is    a                                          possibility                that                       you         could                    sustain a     loss             of    all        of            your                                     investment   and                                therefore    you                        should       not                  invest                  money       that         you                         cannot               afford to                       lose.    You                      should         be             aware         of                all         the           risks                            associated           with                 Foreign                  Exchange                         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Russell Glaser &#8211; The dollar continues to slide during the European trading session as traders eye a speech today by Federal Reserve chairman, Ben Bernanke. The speech could increase the negative momentum behind the dollar\u2019s bearish move as the major currencies advance on the potential quantitative easing. Yesterday\u2019s volatile trading session which had the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/10\/15\/bernanke-speech-could-compound-dollar-losses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bernanke Speech Could Compound Dollar Losses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14075","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=14075"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14075\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}