Volatility centered around Bernanke's testimony, risk sold off on when he failed to signal fresh stimulus & rebounded on the subdued outlook & his willingness to act if necessary; Eurofirst closed down 0.21%, S&P rebounded from 0.63% down to close up 0.74%, oil climbed 0.79%, copper fell 0.43% & dxy edged down 0.1%. FX was volatile with stocks around Bernanke, EUR dropped from 1.2280 to 1.2189 & back again, AUD/USD led the way up 0.68% on the day & JPY crosses recovered across the board. Asia opens at familiar levels & with little local data should consolidate in tight ranges with risk bid on Wall Street's gains.
BUZZ-Volatile night but familiar levels favour consolidation in Asia
Tue, Jul 17 2012, 22:13 GMT | FXstreet.com
AUD/USD May 25 at 07:42 GMT
0.9672/78 (0.23%)
H0.9675 L 0.9648
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
