Awaiting FOMC Minutes & 100-Yr Speech

Markets await another seemingly explosive release from the FOMC minutes (14:00 Eastern Time, 19:00 British Summer Time) from the June 19^th  meeting, when Chairman Bernanke said the tapering of asset purchases could start this year and all purchases would end by June of next year. Bernanke's speech at 15:10 ET, 20:10 BST is about “The First 100 Years of the Fed”, which could involve questions about his future and raise speculations about his replacement. Today's release of the FOMC minutes may contain new evidence of expressed opinions backing the need to taper (reduce) asset purchases from the current monthly round of $85 bn, which may ultimately trigger fresh euro selling. $1.2740s in EURUSD is being stated as a support as it matches the year lows from 3 months ago. But this may not necessarily be the case as the yields situation backing USD is playing a vital role in broadening USD longs. The 8-year trendline in USDX charted in today's Premium Insights alongside the new trades on EURUSD, USDJPY, USDCHF (weekly chart) and existing USDCAD and AUDUSD can be seen in the latest Premium Insights.