US Fed Chairman Bernanke Testimony 07/21/09


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The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed’s website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility;

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Update: Based on market context we were able to make 24 pips of profits.

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