Market Shrugs Bernanke, Update to Premium Insights
Bernanke stayed on message in his testimony as he reiterated the benefits of prolonging QE (combating unemployment) exceeded the costs. Euro and other risk assets remain on the downside while gold struggles to regain 1600 despite Bernanke's dovish testimony. The continued uncertainty in Italy's elections cannot be ignored especially as there is not yet any date for the 2nd round of elections. We are issuing new trades on EURJPY, AUDJPY, CADJPY, EURGBP, gold, silver and US crude in addition to 2 new charts in EURJPY as well as the existing trades from Monday night and last week. See latest Premium Insights.
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