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  • Powell: Opening Remarks

    From federalreserve.gov

    Thank you, President Gayle, and thank you for the invitation to visit today. I am fortunate to have been accompanied from Washington by a very distinguished graduate of Spelman College, Class of 1986 and member of Delta Sigma Theta, my Federal Reserve colleague Governor Lisa Cook. There is no greater testament to Spelman's historic legacy than the achievements of outstanding women like Governor Cook. One part of that legacy is Spelman's tradition of promoting education in STEM (science, technology, engineering, and mathematics). Governor Cook's research highlights the key role of such education in preparing ... (full story)

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  • #1
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  • Dec 1, 2023 11:07am Dec 1, 2023 11:07am
He's soft peddling the soft landing scenario .....unlikely
  • #2
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  • Dec 1, 2023 11:08am Dec 1, 2023 11:08am
Future rate hike visible
  • #3
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  • Dec 1, 2023 11:09am Dec 1, 2023 11:09am
take gold up
ryoiki tenkai : Blue Juggernaut
  • #4
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  • Dec 1, 2023 11:11am Dec 1, 2023 11:11am
  •  Trader#0E83
  • | Status: Unregistered Trader
Finally, Powell himself started preparing the markets for rate cuts soon.
  • #5
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  • Dec 1, 2023 11:16am Dec 1, 2023 11:16am
$2070 gold hello
ryoiki tenkai : Blue Juggernaut
  • #6
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  • Dec 1, 2023 11:23am Dec 1, 2023 11:23am
"Rates are well into restrictive territory" - Powell
  • #7
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  • Dec 1, 2023 11:23am Dec 1, 2023 11:23am
oh ... finally FED want weaken USD more
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  • #8
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  • Dec 1, 2023 11:27am Dec 1, 2023 11:27am
Quoting Vancarbon
One spike in inflation and this market is going to tank It’s a free for all No value just hooked on interest rates and debt
it is about as we spoke - the lamb keeps whole and the wolfes are fed, the game is sure - we are fine, we are invested and the stockmarket is fine ...all is good ....all to the moon, just who will buy from us and the depth, never herd Mars or the Moon has aliens ordering stuff from Joronimo, Pelosi or Janeti Yellen ....can be new markets soon to be opened, we stay fit - now we buy on the current levels and are happy to do so.
  • #9
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  • Dec 1, 2023 11:28am Dec 1, 2023 11:28am
2070 is visible. Market to retrace quickly at 2059
  • #10
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  • Dec 1, 2023 11:31am Dec 1, 2023 11:31am
now Powel said different with Janet Yellen said before .... why
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  • #11
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  • Dec 1, 2023 11:32am Dec 1, 2023 11:32am
Quoting Vancarbon
The Nasdaq isn’t going with this It’s the most rate sensitive index Strange
True as it is also by far the most capitalized Index with the most important companies for the human kind in it. I guess, it is hard to move Nasdaq with such BS news or hopes.
  • #12
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  • Dec 1, 2023 11:32am Dec 1, 2023 11:32am
  •  Trader#7F25
  • | Status: Unregistered Trader
Ten year yields from 5 to 4.25, mortgage rates down a full point. I honestly see no way possible to get prices back down. There seems to be zero chance of a recession, so how do prices go down? Why would any company lower prices? Stocks up, yields down, dollar down. Those are all inflationary, yet Powell remains clearly dovish. The average person is having serious problems paying their bills, so they will just have to keep demanding raises.
  • #13
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  • Dec 1, 2023 11:34am Dec 1, 2023 11:34am
nice play, dump DXY today , spike it up with NFP , not bad ,we are watching
ryoiki tenkai : Blue Juggernaut
  • #14
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  • Dec 1, 2023 11:38am Dec 1, 2023 11:38am
Quoting hesron
now Powel said different with Janet Yellen said before .... why
This godless people will say wahtever Black Rock and coo will tell them - today. Keep in mind next week and all facts of real economy is also dictatorship from the same people - the game is get in and get skinned, what is with the pension fonds, they can only be long , but this kind of money in 50 years will be eaten by inflation that started from Nixon 55 years ago, keep in mind the circle of money goes back to the same people who create it - the deptht, COVID gave them the guaranteed controll, after all we trade with Black Rock and people with 10 Trillion to move the market as they wish, when they wish - the scary part - THERE IS NO SEC to fine them - SEC can not fine such guys, there is no investigation when you trade the global market maker who can even get new President or whatever they wish.
  • #15
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  • Dec 1, 2023 11:39am Dec 1, 2023 11:39am
as per my calculation gold near about 2120
Always Feel Good...
  • #16
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  • Dec 1, 2023 11:49am Dec 1, 2023 11:49am
no more speak from FED can be trust
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  • #17
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  • Dec 1, 2023 12:03pm Dec 1, 2023 12:03pm
Finally Powel speech came with very dovish. Rate cut is coming March 2024, Labor market is historically low, the significant job is down, Inflation is considerable down, the Monetary policy is easing, balance sheet cut.....
  • #18
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  • Dec 1, 2023 12:13pm Dec 1, 2023 12:13pm
very very very very very very dovish
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  • #19
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  • Dec 1, 2023 12:22pm Dec 1, 2023 12:22pm
Inserted Video
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  • #20
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  • Dec 1, 2023 1:15pm Dec 1, 2023 1:15pm
Quoting Vancarbon
The Nasdaq isn’t going with this It’s the most rate sensitive index Strange
it is trillions heavy and indeed policy sensitive - 1 policy electric cars - 2 policy covid lock down= work from home - 3 policy how reliable on the gods = Tesla - mesla, microsoft, the crypto minig wich includes NVIDIA, AMD, INTEL and cooo and so on.... NASDAQ is not a joke at all.
  • #21
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  • Dec 1, 2023 1:47pm Dec 1, 2023 1:47pm
Quoting Doublepanda
nice play, dump DXY today , spike it up with NFP , not bad ,we are watching
Actually what happened today was VERY PREDICTABLE

It was a buy the rumor

Sell the fact

Look at the DXY for proof:
Attached Image (click to enlarge)
Click to Enlarge Name: DXY_2023-12-01_13-46-02.png Size: 26 KB


Look at the run-up B4 Powell speaks then BAM!
  • #22
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  • Dec 1, 2023 1:55pm Dec 1, 2023 1:55pm
Quoting fx6996
{quote} Actually what happened today was VERY PREDICTABLE It was a buy the rumor Sell the fact Look at the DXY for proof: {image} Look at the run-up B4 Powell speaks then BAM!
we are saying the same thing just different angles of analysis
ryoiki tenkai : Blue Juggernaut
  • #23
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  • Dec 1, 2023 2:35pm Dec 1, 2023 2:35pm
I forgot to mention , my Shorts - 37 lots = approx 3.2 Mio USDJPY and my short on DAX and Nasdaq.
DAX is fine at 15800 only, nasdaq is same storry but JPY is really nice at 141, if we get there all bets are fine and folks there is no trading today, just bets as all makes no sence this is rediculouse and retarded trading - show me wrong, I dare anyone to show me wrong, you win with money, more money and slow and steady approach, the only way and good luck to all 20k or 50k folks who swim arround and try to find luck, will not work, stop posting charts and BS, rediculous nonsence.
  • #24
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  • Dec 1, 2023 3:40pm Dec 1, 2023 3:40pm
Quoting Guest
Ten year yields from 5 to 4.25, mortgage rates down a full point. I honestly see no way possible to get prices back down. There seems to be zero chance of a recession, so how do prices go down? Why would any company lower prices? Stocks up, yields down, dollar down. Those are all inflationary, yet Powell remains clearly dovish. The average person is having serious problems paying their bills, so they will just have to keep demanding raises.
Prices are not going back down. And thats not the goal. Rather the opposite. We need prices to increase but a slower pace.
  • #25
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  • Dec 1, 2023 3:43pm Dec 1, 2023 3:43pm
Quoting TCentral
I forgot to mention , my Shorts - 37 lots = approx 3.2 Mio USDJPY and my short on DAX and Nasdaq. DAX is fine at 15800 only, nasdaq is same storry but JPY is really nice at 141, if we get there all bets are fine and folks there is no trading today, just bets as all makes no sence this is rediculouse and retarded trading - show me wrong, I dare anyone to show me wrong, you win with money, more money and slow and steady approach, the only way and good luck to all 20k or 50k folks who swim arround and try to find luck, will not work, stop posting charts...
Honestly 3.2 is a VERY SMALL fish in these waters.
  • #26
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  • Edited 4:00pm Dec 1, 2023 3:49pm | Edited 4:00pm
Alles richtig Gangster aber ist netto, dann ist Punkwert nicht wenig )))
Ich soll lots hier sagen, weil so wird es verstanden, eigentlich bei Interactive Brokers - IDEAL PRO ist es in colleteral wert 1:30 also ich handle genau wert von 380k in moment cash USD für diese trade, ok Gangster piece will aber nicht weiter stress hier machen ))) wir trinken Heute.
  • #27
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  • Dec 1, 2023 3:54pm Dec 1, 2023 3:54pm
Quoting Banditten
{quote} Prices are not going back down. And thats not the goal. Rather the opposite. We need prices to increase but a slower pace.
I can only fully agree on this one, I am not able to say this better, actually your english is times better I should say stuff in German or else, the reachness of FF is folks like you mate, sane and true, one more time well said and respect, now i go out to drink, is Friday in Limassol and no matter the pain, we party )))
  • #28
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  • Dec 1, 2023 3:58pm Dec 1, 2023 3:58pm
Quoting TCentral
{quote} I can only fully agree on this one, I am not able to say this better, actually your english is times better I should say stuff in German or else, the reachness of FF is folks like you mate, sane and true, one more time well said and respect, now i go out to drink, is Friday in Limassol and no matter the pain, we party )))
Have a good one! Drinking a bottle of Bordeaux myself after good week of trading.
  • #29
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  • Dec 1, 2023 4:02pm Dec 1, 2023 4:02pm
Quoting Banditten
{quote} Have a good one! Drinking a bottle of Bordeaux myself after good week of trading.
Prost >)))
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