FOMC Statement | Forex Factory

  • FOMC Statement

    From federalreserve.gov

    Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending appears to be rising at a somewhat slower pace than earlier in the year. Despite some signs of improvement, the housing sector remains depressed. Inflation has declined, mainly reflecting lower prices of crude oil and gasoline, and longer-term inflation expectations have remained stable. Consistent with its ... (full story)

Comment Options
eqshack
Jun 20, 2012 10:28am
Permalink
Quoting e585009
Yes Europe will save the EURO and put the USD back where it is supposed to be as in DXY should be around 72, not anything 80ish!!!!!!!!!....
lol.and EURO index should be near to 0
Reply
Forexia
Jun 20, 2012 10:01am
Permalink
"The Committee also decided to continue through the end of the year its program to extend the average maturity of its holdings of securities. Specifically, the Committee intends to purchase Treasury securities with remaining maturities of 6 years to 30 years at the current pace...This continuation of the maturity extension program should put downward pressure on longer-term interest rates and help to make broader financial conditions more accommodative. "

How is this not considered QE? Because they didn't expand and buy more?? The end result it not much different: Fed still being accomodative. Can't believe the market was trading on hair-splitting wording difference.

See NOW the market is coming to senses. USD is going down. Hope people here didn't lose too many pips on that stupid dip.
Reply
Forexia
Jun 20, 2012 10:48am
Permalink
Quoting oneightwenty
Because it's not a new QE. A new QE would mean a lot more money, especially compared to 'just' an extension to Twist.
I see. Well still accomodative and the market realized that after their overreaction. I am staying out. Too much excitement for me for one day.
Reply
oneightwenty
Jun 20, 2012 9:45am
Permalink
Goldman said FED will ease today. (Long risk / equities.)
Quoting oneightwenty
What Goldman says - do the opposite!
Quoting oneightwenty
Risk is rallying because the market believes that Helicopter Ben will save the world once again, and this time it will be different. Goldman basically said earlier today to go long on all risk assets for QE is coming, doesn't this smell a bit fishy?
In other words: no QE tomorrow.
Reply
oneightwenty
Jun 20, 2012 10:06am
Permalink
Quoting Forexia
How is this not considered QE? Because they didn't expand and buy more?? The end result it not much different: Fed still being accomodative. Can't believe the market was trading on hair-splitting wording difference.
Because it's not a new QE. A new QE would mean a lot more money, especially compared to 'just' an extension to Twist.
Reply
Exodus
Jun 20, 2012 9:40am
Permalink
Today this is the second 'leaky looking' data release. First cable started to slide about 20 minutes before the BoE announcements; same just now with the FED statements.....
Reply
e585009
Jun 20, 2012 10:15am
Permalink
Quoting oneightwenty
Because it's not a new QE. A new QE would mean a lot more money, especially compared to 'just' an extension to Twist.
Yes, looking good again, but BIG BEN will speak today @ 1:30 CST, so maybe another USD POP....yes, I opened a trade and it turned into an investment...I've had 2 longs open since 1st week in March...positive swap is nice, but closed orders in the money is better!!!!
Reply
Exodus
Jun 20, 2012 10:17am
Permalink
Dear FED, thank you for giving me back everything I lost this week!
Reply
Exodus
Jun 20, 2012 10:44am
Permalink
Quoting Tonz_of_Gunz
i closed my gold long orders with a huge profit, a lil bIt scared but it worked
Well done good fellow!
It gives your confidence a real lift.
Reply
Exodus
Jun 20, 2012 1:18pm
Permalink
Quoting Forexia
Wooo, you lost big this week. Well glad you made them all back thou.
Thx!
Reply
eqshack
Jun 20, 2012 9:46am
Permalink
no shit..lol dunno what usdjpy goin to do ..yet
Reply
eqshack
Jun 20, 2012 9:51am
Permalink
Quoting oneightwenty
Hey guys... it's just the statement. Wait until Ben opens his mouth.
lol yea..market will go crazy.i hope usdjpy goes up to 84
Reply
jegas
Jun 20, 2012 9:45am
Permalink
Positive News ,USD comes Up !
Reply
Forexia
Jun 20, 2012 10:47am
Permalink
Quoting Exodus
Dear FED, thank you for giving me back everything I lost this week!
Wooo, you lost big this week. Well glad you made them all back thou.
Reply
Forexia
Jun 20, 2012 11:38am
Permalink
Quoting e585009
Yes, how is it that Dollar is so strong put prices keep going up. Rice, Milk, Energy, Prostitutes even!!!!
Ahh those are called healthy level of inflation
Reply
Forexia
Jun 20, 2012 3:32pm
Permalink
Gawd!! A day of roller-coaster!
Reply
Trainman
Jun 20, 2012 9:35am
Permalink
They are continuing the Twist!
Reply
dab
Jun 20, 2012 10:00am
Permalink
oneighttwenty (&others) what do you think will happen once Ben opens his mouth? What more is to be said then twist extension?
Reply
frx_trader
Jun 20, 2012 10:26am
Permalink
market is confused now, don't know where to go. same as most traders.
Reply
ivy wong
Jun 20, 2012 10:09am
Permalink
gold is going up now.........
Reply
ForexMGames
Jun 20, 2012 9:48am
Permalink
going back up. first down like skydiving, then up like rocket launch
Reply
MarcosF
Jun 20, 2012 9:50am
Permalink
Quoting ForexMGames
going back up. first down like skydiving, then up like rocket launch
And then probably back down again, as soon as people realize the world wasn't saved this time either...
Reply
Mr.Ha
Jun 20, 2012 9:36am
Permalink
Fed Expands Operation Twist by $267 Billion Through Year End
Reply
Mr.Ha
Jun 20, 2012 9:49am
Permalink
Gold down...........
Reply
Mr.Ha
Jun 20, 2012 10:02am
Permalink
Quoting robert7
market is still waiting for his mouth
No QE3, Gold maybe down again.......
Reply
Mr.Ha
Jun 20, 2012 5:59pm
Permalink
No QE3, No inflation, Gold will down again........soon

Gold maybe fall retest 1550 today......
Reply
-Melo-
Jun 20, 2012 9:40am
Permalink
He extended Operation twist, but there wont be QE3, is that what he said ???
Reply
oneightwenty
Jun 20, 2012 9:37am
Permalink
Can you guys remember what i said yesterday?
No QE today!
Reply
oneightwenty
Jun 20, 2012 9:40am
Permalink
Ben did not deliver, let them dump it.
Reply
oneightwenty
Jun 20, 2012 9:50am
Permalink
Hey guys... it's just the statement. Wait until Ben opens his mouth.
Reply
oneightwenty
Jun 20, 2012 10:17am
Permalink
Algos are really clever these days. First they drive against the bulls stops, and now they're rattling shorts. Money has to be made... but not on me.
Reply
undefined
Jun 20, 2012 9:35am
Permalink
And there USD goes...
Reply
rwoshun123
Jun 20, 2012 9:39am
Permalink
no. it is not.
Reply
cppolybd
Jun 20, 2012 10:11am
Permalink
These are just son of bitches. These son of fucking bitch will die soon that is my heartiest pray. May God just destroy these bastards.
Reply
clockwork71
Jun 20, 2012 10:29am
Permalink
Quoting e585009
Yes Europe will save the EURO and put the USD back where it is supposed to be as in DXY should be around 72, not anything 80ish!!!!!!!!!....
Shit.....are you serious? lol
Reply
e585009
Jun 20, 2012 9:37am
Permalink
I hate Bernake....USD id killing my AUD/USD long trade
Reply
e585009
Jun 20, 2012 9:47am
Permalink
Money printing is the solution for me.. i have AUD/USD longs to close. Yes I sounds selfish, but tell me what bank isn't.
Reply
robert7
Jun 20, 2012 10:00am
Permalink
market is still waiting for his mouth
Reply
robert7
Jun 20, 2012 10:00am
Permalink
see how disciplined those market makers...!!!!
Reply
e585009
Jun 20, 2012 10:13am
Permalink
USD going down...plz DXY get down to 72
Reply
e585009
Jun 20, 2012 10:17am
Permalink
Quoting Pokrajac
Your AUD/USD long is back...hope your SL hasn't been touched! :-)
Thank Amen-Ra!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Reply
e585009
Jun 20, 2012 10:20am
Permalink
Yes Europe will save the EURO and put the USD back where it is supposed to be as in DXY should be around 72, not anything 80ish!!!!!!!!!....
Reply
e585009
Jun 20, 2012 11:11am
Permalink
Quoting clockwork71
Shit.....are you serious? lol
Yes, how is it that Dollar is so strong put prices keep going up. Rice, Milk, Energy, Prostitutes even!!!!
Reply
Aristo
Jun 20, 2012 10:15am
Permalink
confusing decision, there is a stimulus but not a QE, suppose to be a strong USD??
Reply
biren.nepal
Jun 20, 2012 10:39am
Permalink
All sign recommended to Eur and GPB bullish this year...eur stop in 1.49 and GBP hahaha 1.90 lets see....not only EUR and asia but market also want to save the eur and down usd....
Reply
Ubais
Jun 20, 2012 10:00am
Permalink
gold sell or buy
Reply
Pokrajac
Jun 20, 2012 10:03am
Permalink
Quoting e585009
I hate Bernake....USD id killing my AUD/USD long trade

Your AUD/USD long is back...hope your SL hasn't been touched! :-)
Reply
williamlee
Jun 20, 2012 9:38am
Permalink
Fed Expands Operation Twist by $267 Billion WT IS THIS THING?
this is no QE?
Reply
ehabmg12
Jun 20, 2012 9:44am
Permalink
Any Ideas About GOLD ?????
Reply
williamlee
Jun 20, 2012 10:08am
Permalink
wooow, the gold IS sky rocket now
Reply
williamlee
Jun 20, 2012 10:11am
Permalink
wtf, is this btf world
Reply
Tonz_of_Gunz
Jun 20, 2012 10:34am
Permalink
i closed my gold long orders with a huge profit, a lil bIt scared but it worked
Reply
manahil
Jun 20, 2012 9:34am
Permalink
what what what...
Reply
MACD Master
Jun 20, 2012 9:36am
Permalink
But no QE - great news!!
Reply
Looi
Jun 20, 2012 9:48am
Permalink
Hit and run!
Reply
Hayata
Jun 20, 2012 10:10am
Permalink
Wow after down, n now up like crazy
Reply
saif
Jun 20, 2012 10:14am
Permalink
will gold go down
Reply
clockwork71
Jun 20, 2012 10:28am
Permalink
Quoting Trainman
They are continuing the Twist!
This was expected.
Reply
saif
Jun 20, 2012 10:30am
Permalink
i bought gold at 1601 should i close or wait
Reply
Nfp
Jun 20, 2012 11:09am
Permalink
USDJPY ..look at it...very nice... go ____
Reply
Loadedgun
Jun 20, 2012 2:27pm
Permalink
We are going down T4b.
Reply
Trader#2B23
Jun 20, 2012 9:38am
Permalink
gold jumping up & down
Reply
Trader#DBB3
Jun 20, 2012 9:38am
Permalink
poua...what a bubble brst
Reply
Trader#65FF
Jun 20, 2012 9:38am
Permalink
Anybody should know QE3 is not possible for the time being..We still have inflation and the economy is still growing even though it is getting slower. It seems unlikely now until next year.
Reply
Trader#8D0D
Jun 20, 2012 9:38am
Permalink
any udeas what effect wud this have on gold!!
Reply
Trader#E9FD
Jun 20, 2012 9:38am
Permalink
gold should be bought or sell?
Reply
Trader#DBB3
Jun 20, 2012 9:41am
Permalink
of course the gbp will dance around 1.5666...because 666 as always
Reply
Trader#65FF
Jun 20, 2012 9:44am
Permalink
Bernake should learn this lesson. The more he prints, the worse the economy will get in the long run. Look at BOJ, look at BOE, money printing is not the solution.
Reply
Trader#00CB
Jun 20, 2012 9:45am
Permalink
ohh shittt
Reply
Trader#C96E
Jun 20, 2012 9:46am
Permalink
gold will be down, but at the current price gold is undervalued.... so it will bounce shortly after......

trade wise.
Reply
Trader#1AB6
Jun 20, 2012 9:57am
Permalink
oh no, GOLD is going up.....
Reply
Trader#BEFC
Jun 20, 2012 10:18am
Permalink
Wait till 7 pm yesus christ then you will get proper movement, atm merkel comments just
Move the markets.
Reply
Trader#1537
Jun 20, 2012 10:29am
Permalink
Whats happening with cable???Bouncing second time from same spot.Damn i hate those bots.Speed is insane.....
Reply
Trader#3D92
Jun 20, 2012 9:47pm
Permalink
what will happen on our investment, barnanke?
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats