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Session Recap: Along came Bullard; Dollar mixed

FXStreet (San Francisco) - Panic mode earlier in the day as stocks tested yesterday's lows with oil pricing below 80.00 briefly. However Fed's Bullard commented that the Fed should consider delay in ending QE and then, stock rebounded as well as Oil. US dollar experienced a roller coaster versus major rivals.

Adam Button pointed it out accurately: "He was scheduled to speak later but appeared on Bloomberg TV and dropped a bomb. He said 'a reasonable response' from the Fed would be to delay the taper. He didn’t necessarily say the Fed should do it but it wasn’t something that was even on the table and that the comment came from a Fed hawk was a shock."

The the USD's rally failed with EUR/USD recovering from 1.2700 area to test 1.2840 before closing somehow negative in the day around 1.2810. The GBP/USD rallied from 1.6000 to test the 1.6100 level and the added some pips to its recovery from 105.00 to close at 106.30.

Main headlines in the American session

US initial jobless claims 264K vs 290K expected

US: Industrial Production beats expectations rising 1% in September

October 2014 US Philly Fed business index 20.7 vs 20.0 exp

US Oct NAHB housing market index 54 vs 59 exp

Fed’s Bullard says Fed should consider delay in ending QE

US stocks bounced again at yesterday's lows

Chile BCCH Interest Rate dipped from previous 3.25% to 3% in October

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