Markets anxious await Bernanke's Q&A session

FXstreet.com (Barcelona) - US Federal Reserve chief Ben Bernanke, in a speech about the Fed's 100 year history, failed to make any remarks about the economy, saying he would leave the discussion on current monetary policy to Q&A at the end of its speech. As a result, all the attention will be on the following round of Q&A after his prepared speech.

Bernanke said that the major economic slowdown from recent years highlights the need to strengthen and integrate monetary policy and financial stability, adding the Fed is still working toward full recovery from crisis. Bernanke added that creating firewalls that protect the financial stability is important, although more needs to be done to strengthen frameworks.

EUR/USD held by the 1.2900 barrier

The EUR/USD foreign exchange rate has relinquished its temporary hold on the 1.2900 level, despite peaking earlier above it (1.2947) earlier on the heels of the FOMC minutes.
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Flash: AUD/CAD, look to sell rallies for 0.91 target - TDS

Medium-term AUD/CAD signals remain bearish, says Shaun Osborne, Chief FX Strategist at TDS, who continues to assess the technical picture as one with final target of 0.91.
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