Tuesday 15, October 2013 by Elaine Garzarelli

Indicators rise to 71.5 per cent from 68.5 per cent, far from a Sell signal of 30 per cent

President Obama nominated Janet Yellen to be the Fed chair starting next year and as the first female chair, her tenure would mark a historic milestone. Markets are pleased with the nomination as it removes uncertainty and represents stability and continuity in monetary policy.

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