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BITCOIN 781.950 11:20 03.12
BitCoin/CNY 5382.550 11:20 03.12
BITCOIN 782.045 11:00 03.12
BitCoin/CNY 5383.210 11:00 03.12
BITCOIN 782.136 10:40 03.12
BitCoin/CNY 5383.835 10:40 03.12
BITCOIN 782.186 10:20 03.12
BitCoin/CNY 5384.175 10:20 03.12
BITCOIN 782.498 10:00 03.12
BitCoin/CNY 5386.325 10:00 03.12
BITCOIN 780.288 09:40 03.12
BitCoin/CNY 5371.115 09:40 03.12
BITCOIN 781.315 09:20 03.12
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By: Daniel Gant
February 12th 2014 3:10pm GMT, London UK
The EUR/USD pair strongly reacted on the yesterday’s testimony of Janet Yellen before U.S. lawmakers. The pair first erased the previous movement up which was made by speculation. Traders awaited more dovish report due to worse-than-expected labor data and maybe even change in a withdrawing of the monetary stimulus. However, as we can see in the report, she supported further tapering but connected with strong data. At 3.00PM (GMT) she started to talk and her speech was more dovish than the actual testimony which made the pair reverse and move back up but finished low at 1.3635 level. Today At 3.30PM (GMT) the ECB President will have a speech at the European Monetary Institute but it might not be relevant for the pair

Contrarily from the others majors pairs, the USD/JPY pair was driven mainly by Yen not by U.S. Dollar. We saw an increase from 102.05 to 102.70 even though the U.S. Dollar sharply dropped during the Fed Chairman’s testimony before U.S. lawmakers. The pair slightly decreased during the Asian session despite worse than expected Core Machinery Orders and Tertiary Industry Activity. Today we should pay attention to U.S. Federal Budget Balance which will be released at 7.00PM (GMT). The sentiment is slightly bearish.

The price of Gold moved up and touched its new 3-months highs. The price turned on $1,293.5/ounce and slightly decreased to $1,285/ounce. The price was reacting on the Fed testimony. First it dropped as the investors saw the actual report and did not find any dovish hits. However, once new Fed Chairman Janet Yellen started to testify before U.S. lawmakers the price sharply increased on her statement that “labor recovery is far from complete”. Today we might see some price correction and slight down-trend as physical market weakened due to high price.

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