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Coming at a time when Fed Chairman Bernanke is facing is first potential crisis, it will be very interesting to watch The Fed’s policy play out through all of this. I would not expect to see a change in the inflation bias, although markets will be looking for any sign of change in The Fed’s opinion regarding the housing situation and its potential to hinder growth going forward. As Bernanke clearly stated during his testimony last month, the situation is viewed as being “contained”.

Read the full post of NewsTraderFX - Fed Statement Is Crucial For Equity Markets And Carry Trades

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Personally I’d be avoiding trading when any of the important people speaks. A tip before opening and closing any trades, check out the economic calendar on Forexfactory.

Close or at least place your stop loss (SL) level before news releases like these (Especially speeches since you will have nothing to gauge upon, not even indicators, but just interpretation of what he says)

Read the full post of Fundamental Trading - US Fed Speaks

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