www.bforex.com: AUD Holds Strong

The EUR was able to generate gains against the USD as Fed Chairman Bernanke suggested that another phase of fiscal stimulus is a possibility if the U.S. economy encounters difficulty.

Overnight Moody’s rating service cautioned the States regarding their credit rating if it is not able to come to an agreement relating to its debt ceiling.

Gold has gone to record highs and the AUD locates itself inside the better parts of its range again.

The JPY is around its greatest values.

The U.S. will release Retail Sales and weekly Unemployment Claims information today. Tomorrow the Empire State Manufacturing Index examining will be printed.

Risk sentiment remains fragile as the European debt problems also continues to create unease amid investors.

Uncertainness is not a thing that makes investors secure and the present mixture of debt sagas and painful economic data globally have formulated nothing short of a whirlwind ride for traders.