Make no mistake that these events are planned around option exp. The time of his speech is suspect. All the major wall street banks know exactly what to expect. As far as the rest of us you take your chances. Me I just watch from the sidelines.
Substantial USD sell pressure and EURUSD buy support detected maybe in anticipation of ECB tomorrow ? This recurring dollar selling should be bullish stocks. SP500 index last 11,209
ECB guy is talking tomorrow, so be careful in taking positions home tonight. Also, beware it is a holiday in London on Monday.
Stocks recover after Bernanke predicts US growth http://news.yahoo.com/stocks-recover-bernanke-predicts-us-growth-153113531.html i have problem undestanding this guy and market today.. i guess 1% GDP growth is awesome!
So you saying that banks told bb what version of speech to read, 1 minute before scheduled speech, depending on market activity up to the point ?