Excerpt from: Forex News
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| August 27, 2010 | | Currency trading on the FX market | The currency market is rather quiet today, as forex traders await Ben Bernanke's speech. Bernanke is scheduled to speak at 10 a.m. Eastern in Jackson Hole, Wyoming, at a symposium.
Bernanke is expected to share his views of the economy, as well as his stance on possible changes to economic policy. However, with Second Quarter GDP revised down, there is some speculation arising that his outlook for the economy will not be overly optimistic.
As a result of the waiting, currencies are mostly rangebound right now. Forex traders will be waiting to see what Bernanke says, and then likely to make moves based on what they see happening with U.S. economic policy in the near future.
| Topic Tags: Ben Bernanke, currency trading, Fed, forex traders, forex trading, FX market, Jackson Hole | |
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