Bernanke Jackson Hole Speech FX Traders Wait
The Bernanke Jackson Hole speech to be held today is making traders wait before placing big bets until they hear the outcome. The concern is that Bernanke will not take action which will not be good for stocks.
In an attempt to recognise responsibility for helping with home ownership costs in the US President Bush has put forward his own plans.
There is still no certainty on the USD but flows maybe supportive also revisions to the US GDP figures were disappointing.
If Bernanke acts today the bias will be put back on the USD.