Yesterday we had Chairman Bernanke's speech. The Dow Jones is up a hundred points after the Fed reiterated the case for QE, putting an end to speculation that the Fed will reduce bond buying later this year (end the Quantitative Easing).The rebound in equity markets (which Bernanke said is not a bubble) is not spilling over to the Forex market yet.  EUR/USD continues to trade under 1.3100 area. Look for risk sentiment to improve slightly if equities hold their gains today.

Yesterday was relatively quiet after Monday's Insanity. The only currency that has had any sort of significant movement was the New Zealand dollar. A big move in the market always means a great deal but the absence of movement can say something as well.

Gold also had some nice moves-  GOLD came down with a bang to the 1555 low and yesterday with Mr Bernanke’s encouragement the precious metal flew back above 1600 to 1620. The big picture remains bearish for a test of the support around 1525 and only a clear break above 1630 might change the picture.

AUDUSD is flirting with a weekly breakout to the downside. Pay attention if 1.0200 gives way and try to catch the breakout.
We also have the Fed Bernanke and ECB's Draghi's speeches today at 16:00 and 18:30 server time.