Forex News: Fed's Bernanke speech is released

• COMPREHENSIVE FINANCIAL REGULATION JUSTIFIED
• TREASURY BEST TO DEAL WITH NONBANK FAILURES
• FED TO KEEP REVIEWING LIQUIDITY MEASURES
• FED'S JOB ONE OF MOST CHALLENGING IN MEMORY
• CRISIS SOFTENING GROWTH AND RAISING JOBLESSNESS
• FINANCIAL STORM HAS NOT PASSED
• NOTES RATES RELATIVELY LOW AMID RISING INFLATION
• INFLATION OUTLOOK UNCERTAIN
• COMMODITY DROP, DOLLAR STABILITY IS ENCOURAGING
• TO ACT AS NEEDED FOR MEDIUM-TERM PRICE STABILITY
• COMMODITY AND DOLLAR TRENDS LIKELY TO SLOW INFLATION

Analysis: The US is in a long term corrective period where inflation is a problem but should subside, growth and employment should weaken, but rates are sufficiently low enough given the inflation threat. 

As a result, watch key levels but  expect choppiness as focus goes from the US problems to other countries problems.