Traders Expect Erratic Moves in Currencies
Currency traders are bracing for volatility in the EUR/USD and other major pairs during Fed Chairman Bernanke's speech at 10am today. Analysts expect currency moves to be erratic and spikes in either direction may offer reversal opportunities for experienced traders with stable trading platforms. This trade is not for the faint of heart, however, and extreme caution is recommended.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Fed Expects Inflation to Rise Gradually Toward 2%; Can be Paient in Raising Rates - Minutes
- Draghi: GovC decided that purchases of securities of European institutions (12% of additional purchases) will be subject to loss sharing
- JPMorgan (JPM) Said to See Net Profit of Around $300M on Swiss Franc Turmoil
Create E-mail Alert Related CategoriesForex
Related EntitiesBen S. Bernanke
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!