OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Bernanke testimony may provide hints about QE’s future - Standard Chartered

Fed Chairman Bernanke testifies before Congress on 26-27 February. Standard Chartered research analysts believe that Bernanke "is widely expected to defend the benefits of the Fed’s quantitative easing policy" they say. The bank expect no change in policy, although "his speech could provide hints about QE’s future" they add.

Forex Flash: Draghi's 'whatever it takes' pledge faces Italian rebellion - NAB

According to NAB, after the deadlock confirmed in the Senate, the political instability in Italy suggests that "it will be hard to see just how ECB President Draghi’s ‘whatever it takes’ pledge with respect to preserving the sanctity of the euro can extend to writing as blank cheque in favour of the Italian fiscal authorities." The bank adds that "any agreement to buy Italian debt can’t come without Italy submitting to the conditionality of the ECB’s as yet inactivated OMT programme."
Read more Previous

Forex: AUD/JPY bounces back to key 95.00 area

AUD/JPY is currently at 95.10, off fresh 1-month lows at 93.55 printed in late NY session, following growing uncertainties on Italian elections, that lead to a massive sell-off in different risky assets, including equities, with SP500 down -1.83%, or Oil -1.17% by NY close, while a big jump in bond prices, or lower yields, making 10 year US bond yields fall to 1-month lows around 1.88%.
Read more Next
Start livechat