Featured \Nick Nasad \ 4:36 PM EST \ August 27th, 2010
Bernanke outlined what he thinks the central bank will have to do if the economy continues to weaken further. Steps include more quantitative easing or lowering the rate paid to banks to hold reserves with the Fed. Still, he tried to focus on the sustainability of the recovery, and tried to calm fears over deflation. The result was a rally in stock and risk appetite which helped to power higher yielders higher (like the Euro, Aussie) vs. safe-have assets (Yen and Dollar).
JohnKicklighter: Interest...The TidalShift system just gave a new long $EURJPY and short $GBPUSD signal. Their rolling 20-day correlation though is 0.81... 27 minutes ago from TweetDeck
toddgordonaspen: Just saw Eli walking his dog outside our building again. For the most popular dude in the western world he's hanging around a lot today 1 hour ago from Twitter for iPhone
DRodriguezFX: Holy EURUSD sell-off and pullback. Dislike these hours for a reason; price can spike and pull back at a moment's notice. 2 hours ago from TweetDeck
JohnKicklighter: $EURUSD comes close to sliding back below 1.3200, but same lack of commitment as to the tentative Troika accord details leaded earlier. 2 hours ago from TweetDeck
DRodriguezFX: Talking EURCHF long entries w @robbooker. We're both staggering long entries above 1.20. I like 1.2050 personally; he's looking at 1.2025. 2 hours ago from TweetDeck
DRodriguezFX: @robbooker last time I staggered limit entries every 15 pips below 1.2075. I'm thinking similar but starting below 1.2050 this time. 2 hours ago from TweetDeck
DRodriguezFX: I no longer feel compelled to hold onto this EURCHF long position. SSI is at a massive 19:1, I'd get back in at a lower price. 2 hours ago from TweetDeck
JohnKicklighter: That 10 second range may be all we get from the NZD. Hard to deviate from the underlying current of risk appetite trends nowadays. 3 hours ago from TweetDeck
JohnKicklighter: Interesting mix. Improved jobless rate, weaker employment change. NZD clearly trying to work out whether positive or negative. 3 hours ago from TweetDeck
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Daily Video Recap: Bernanke Sparks Some Risk Appetite, Focuses on Recovery not Monetary Easing
Featured \ Nick Nasad \ 4:36 PM EST \ August 27th, 2010Bernanke outlined what he thinks the central bank will have to do if the economy continues to weaken further. Steps include more quantitative easing or lowering the rate paid to banks to hold reserves with the Fed. Still, he tried to focus on the sustainability of the recovery, and tried to calm fears over deflation. The result was a rally in stock and risk appetite which helped to power higher yielders higher (like the Euro, Aussie) vs. safe-have assets (Yen and Dollar).
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