The S&P has broken sharply through the 1350 area and the Nasdaq has reached a 10-year high as Bernanke sees inflation pressures in the US as transitory.

EUR/USD is closing in on 1.4800 (another barrier rumored) and AUD/USD on 1.09 (ditto on the barrier).

Gold is nearing $1530 and and silver is above $48.00.