The U.S central bank could slow down its asset purchase program in the next few months, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday. He noted that there has been “some improvement” in the job market, and the central bankers will focus on whether this continues. Flash manufacturing PMI in Europe, second estimate Gross domestic product in Great Britain and U.S unemployment claims as well as new home sales are the major events for today.
Trade Idea
EURUSD
A 4H break and close below 1.2820 could lead price to 1.2770. Alternative a break above 1.2875 targets 1.2950.
EUR/USD H4" title="EUR/USD H4" width="800" height="600">
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