What caused the spike in EUR/USD and S&P at 12:30 ?

Any news ?

 

Berny's speech text

 

Banana Ben's speech.

 

LOL, I didn't know banana's could have such an impact...

 

He sidestepped the last questions from a former fed governor, but he looked a little queasy..

 

When the bananas come from Banana Ben, they most certainly can!

 

*BERNANKE: US ECONOMY FACES FORMIDABLE HEADWINDS
*BERNANKE SAYS MOST LIKELY OUTCOME IS `MODERATE' RECOVERY PACE
*BERNANKE SAYS FOMC `STILL LOOKING AT EXTENDED PERIOD'
*BERNANKE SAYS JOB MARKET REMAINS WEAK
*BERNANKE: CREDIT REMAINS TIGHT FOR MANY BORROWERS

Everyone back to shorting USD...