bernanke print out http://www.federalreserve.gov/newsevents/testimony/bernanke20120229a.htm
ES Journal - 2012
- Thread starter Buy1Sell2
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Good, maybe we get some volume pumping into this market. Someone needs to get run over other then day traders so it might as well be the mom and pop investors. It happens to them all the time.
looking for 70.75
It seems to me it Ajcrshr (and Ammo) is right.
Look at GBP, JPY, etc.
No more news from Greece et al at the time
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NEW YORK (Dow Jones)--The euro fell sharply Wednesday, after the European Central Bank's record long-term tender to banks failed to sustain the single currency despite stoking investors' appetite for higher-yielding assets.
Against the dollar, the single currency fell as low as $1.3388 , down more than 0.40% on the day. Against the yen, the euro bought Y108.17 , down 0.13% from Tuesday's close.
As Federal Reserve Chairman Ben Bernanke began Congressional testimony, the euro's losses accelerated. Analysts pointed out that the Fed chief, while dovish, dropped no new hints of fresh monetary stimulus. He also indicated that growth and labor markets were showing signs of strength, which helped boost the dollar.
In a surprisingly large tender, the ECB doled out a record EUR530 billion ( $ 712 billion ) in cheap, three-year loans to 800 banks. Market watchers were surpised by the number of banks who sought liquidity from the central bank, as well as the size of the offer itself.
-By Javier E. David , Dow Jones Newswires; 212-416-4564; javier.david@ dowjones.com
(END) Dow Jones Newswires
02-29-12 1032ET
Copyright (c) 2012 Dow Jones & Company, Inc.
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