Unfortunately for me there was no sneeze, just a small nose wipe half way through the session.
Overnight Fed news:
US Federal Reserve Committee member & voter Charles Evans suggested overnight that the Fed should scale back the current pace of its asset purchase program. Evans said: “The odds are in favour, right now as I see it, of dialling this back a little bit or keeping it at its current pace...I’m in favour of dialling it back.” Tomorrow night, US Federal Reserve Chairman Ben Bernanke will deliver his semi-annual testimony and the Minutes from the FOMC’s latest meeting will be released. Given the headwinds from fiscal drag on the US economy, we expect Bernanke and the Fed to remain cautious in any tapering of the current USD85bn per month asset purchase program.
