FOMC Statement | Forex Factory

  • FOMC Statement

    From federalreserve.gov

    Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth. While indicators point to some improvement in overall labor market conditions, the unemployment rate remains elevated. Household spending has continued to advance, but business fixed investment appears to be increasing less rapidly and the housing sector remains depressed. Inflation has moderated since earlier in the year, and longer-term inflation expectations have remained stable. Consistent with its statutory mandate, the ... (full story)

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Forexgain
Dec 13, 2011 1:33pm
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Quoting DragonFire
XAU is melting....Fed is not printing news dollars....
hahaha.. well said...

From 1720 level i am thinking of buying XAU and now it's 1650. I am still confused what's the best level to enter in Gold...
Reply
DragonFire
Dec 13, 2011 1:44pm
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Quoting Forexgain
hahaha.. well said...

From 1720 level i am thinking of buying XAU and now it's 1650. I am still confused what's the best level to enter in Gold...
Forexgain,

XAU is on the way to 1600....its raising down faster than curiosity to planet Mars
Reply
nAVIN2007
Dec 14, 2011 3:06am
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Quoting krisware
Gold is forming a triangle ... if it breaks down then we'll see 1500 soon enough
lol..it has formed and dropped already why u think it is falling
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Forexgain
Dec 13, 2011 1:23pm
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Gold seems to be in action after the statement...
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DragonFire
Dec 13, 2011 1:30pm
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XAU is melting....Fed is not printing news dollars....
Reply
DragonFire
Dec 13, 2011 1:47pm
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the serious calamity of the world is marked to be Dec 21, 2012...but Dec 2011 is looking a lot like it....and all credits are going to the European PIIGS with US not far behind...
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faxxion
Dec 13, 2011 2:45pm
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Quoting aamarti
XAU?? whaat do you mean?
XAU is the symbol for gold. Gold is dropping after the FOMC statement.
Reply
Donald S
Dec 13, 2011 2:00pm
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Quoting Forexgain
hahaha.. well said...

From 1720 level i am thinking of buying XAU and now it's 1650. I am still confused what's the best level to enter in Gold...
Good buy is about 1530 or 1300...
Reply
agus8
Dec 13, 2011 5:50pm
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Quoting Donald S
Good buy is about 1530 or 1300...
are you sure about that ? can you explain why you said the good buy is about @1530 or @1300 ? what is your point of view ? please teach me because i'm new in Gold Trading. Thanks
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Thesorrow
Dec 13, 2011 1:45pm
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well.....we are going to 1600
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aamarti
Dec 13, 2011 1:48pm
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XAU?? whaat do you mean?
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krisware
Dec 14, 2011 1:19am
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Gold is forming a triangle ... if it breaks down then we'll see 1500 soon enough
Reply
Trader#5B0E
Dec 13, 2011 1:39pm
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I too have this dillema... I don't think the bottom is too far down..but who knows.. I thought it'll stop on 1660 so.. guess I was wrong.. gold is acting weird, usually goes against stock market and now corralated to them..
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ryansee412
Dec 13, 2011 2:10pm
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what about the fate of the euro until the end of this year?

remedy is there a point to return the price of 1.3335 euros?
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Trader#3D22
Dec 13, 2011 3:15pm
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eur fell 100 pips from fomc statemnt too, but that over for now
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Trader#1418
Dec 13, 2011 6:15pm
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If anybody want enter into the gold market for today ,come with sell best price for buy 1525 or 1451 .

Any ??????
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Trader#05C9
Dec 13, 2011 10:53pm
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Gold will be 1850 after this (1 or 2 week from now), you know why?.
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