12, July 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The dollar extended its losses after publishing Bernanke’s “dove” comments.

The dollar continued to fall on Thursday morning, quickly retreating from the three-year peak, after Federal Reserve Chairman Ben Bernanke said that the highly accommodative monetary policy would be needed in the foreseeable future.

Financial markets have recently been sold on fears that the Fed may begin to reduce its bond buying program by $ 85 billion a month in September.

After FOMC minutes. - World stock markets rebounded to such an extent that they erased the losses of shares that occurred after the June Federal Open Market Committee (FOMC) held a press conference. It suggests that investors have gradually become more comfortable to the "helicopter" of Ben Bernanke and his accomplices narrowing QE. The concern decreased slightly because the high yield is not a real threat to the economy as a whole.