Tag Archives: Bernanke

Euro steady against dollar ahead of Bernanke

The euro remained steady against the dollar on Wednesday as investors are waiting on the sidelines ahead of a key testimony on the economy by Federal Reserve Chairman Ben Bernanke later in the day in front of the US Congress. There is growing speculation that Bernanke will not likely mention anything about scaling back the US central banks bond purchase program this year, known as...

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May 22, 2013 @ 7:54 am

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Fed Launches QEX, Says Will Print Money Until Labor Market Improves

The Federal Market Open Committee on its September meeting decided to undertake an open ended Quantitative Easing Program. The Fed launched its newest QE , or QEX as it is being called because of its open ended nature, in addition to keeping operation Twist operational. The Federal Reserve will buy 40 Billion dollars worth of mortgage backed securities every month until they see "sustained...

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September 14, 2012 @ 12:54 pm

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Fed Launches QEX, Says Will Print Money Until Labor Market Improves

The Federal Market Open Committee on its September meeting decided to undertake an open ended Quantitative Easing Program. The Fed launched its newest QE , or QEX as it is being called because of its open ended nature, in addition to keeping operation Twist operational. The Federal Reserve will buy 40 Billion dollars worth of mortgage backed securities every month until they see "sustained...

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September 14, 2012 @ 12:54 pm

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Euro Gains 72 Pips After Volatile Session + Daily News Recap

The EUR/USD closed the day 72 pips higher from its starting point at 1.2505. The big mover of the day was expected to be Bernanke's speech at Jackson Hole but the markets may have rallied in anticipation of that and consequently lost some ground after the speech was released. For more on what Bernanke said, or more importantly didn't say, look at my previous article. The single currency closed...

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September 1, 2012 @ 3:22 am

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