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  • Minutes of the Federal Open Market Committee

    From federalreserve.gov

    In light of the changes in the System Open Market Account (SOMA) portfolio over the past two years, the Committee again discussed its strategy for the eventual normalization of the stance of monetary policy and the size and composition of the Federal Reserve's balance sheet that was released in the minutes of the Committee's June 2011 meeting. Although most participants saw this review as prudent longer-range planning, some felt that the discussion was premature. Meeting participants, in general, continued to view the broad principles set out in 2011 as still applicable. Nonetheless, they agreed that many of the ... (full story)

so USD will week?
economic activity continued to increase
It's retracing on FOMC it looks like.
When the facts change I change my mind, what do you do sir
Likely so.
eurousd up or down pls comment
I need someone with skill to translate to plain english. It goes up and down so i dont know what they want
  •  Guest
  • | IP XX.XX.238.182
must be up why you don't understand
very mix
nothing new, there will be no effect on market
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  •  Guest
  • | IP XXX.XX.19.123
ready to sell.......
means sell eu now
I think we need wait for Bernanke Speaks
  •  Guest
  • | IP XXX.XXX.74.220
no effect except stop losses
Quoting distancefind
eurousd up or down pls comment
wait if u care about u r money and dont listen to anyone if u read somewhere it goes up or down
so what does this mean? USD up or down?
I hope USD strong
Quoting Mafia
nothing new, there will be no effect on market
It does, look at the way it jumps up and down... and the volume, i think it has huge effect but let see who will win the battle. but i hope it goes down
I think it will be good to stay off the market who don't know buy or sell or wait for the big fish BB for a direction...
Wait for Ben , then dollar will fly back up
  •  Guest
  • | IP XXX.XXX.0.10
it says they will continue with the assets purchase $45 B per month, so i guess EUR/USD will fly up
Quoting dantebreath
I hope USD strong
Me too but looks like EU goes up
QE tapering rocking markets; more improvement needed, but QE3 may be totally retrieved by end of year
  •  Guest
  • | IP XX.XX.207.206
Dollar decline until bernanke speech
Quoting xetrader
so USD will week?
I dont know but you can call me maybe
Bloomberg: Many on Fed Want to See Further Jobs Improvement Before QE Taper
Let me tell you what will happen.
euraud, eurusd, eurnzd, gbpusd, gbpnzd, gbpaud will go down
usdchf, audchf will go up
gold is sell stop 1245, buy stop 1265
usdyen is a buy stop at 100.75
euryen is sell stop 128.6
the only way was to the 150 ma on 1 H chart
Christ look at the charts, read the data and make a determination.
When the facts change I change my mind, what do you do sir
wait tomorrow if you confuse
any hint for tapering?
Quoting Mafia
nothing new, there will be no effect on market
I agreed.
You see the sar @ 5mins time frame, it is a sign of dollar back up. Auto reverse
  •  Guest
  • | IP XX.X.113.20
E/U move seems to be deferred to Unemployment claims tomorrow
i sell gold 1258
experienced traders always say to stay out of the market during FOMC statements. Good idea if you're not exactly sure what you are listening for and don't have a plan based on the direction the Fed is hinting at.

There will be plenty of time to get in the trend after it's over, you've read some and see more clearly how the market is reacting.
cryptocurrency everytime
  •  Guest
  • | IP XXX.XX.12.66
its going up for us dollars
Not too much of a reaction. I am standing aside until Bernanke's speaks at 4:10pm
$ going down
i went short at 1.2889 with TP 1.2845....!
Quoting kevinpham
It does, look at the way it jumps up and down... and the volume, i think it has huge effect but let see who will win the battle. but i hope it goes down
it would be wise to stay of the market atleast until Bernanke speech
  •  Guest
  • | IP XXX.XX.112.254
what is FOMC' contest?
  •  Guest
  • | IP XX.XX.68.240
Kazonacci: "on the news section, every time should see some wave...firstly in shrort term, no mather up or down and then comming some opposite movement at the same timeframe....2nd movement moves a little bit more, you can chek higher timeframes, and if the news are important and not moved llready in the past, mean nt built allready in the price then in larger period will pull or push the prices in a trend. I suggest the same sy said above, just wait and see what will happen and make the best reaction. its your money...never ask nybody, never use another people knowled, until you not reach the first 1million dollar with yourselves deccissions"
USD is weakening. EUR is winning on this one
Saw this one coming...just about everyone on here thought "fake rally and sell after FOMC" right? Well, the market just fooled about 90% of the traders on here by going up! Always goes against the heard!
Breath in breath out...
I see Beasts. I drop my scalpel and beckon on theatre nurse: "Charts!..""
Quoting venzen
experienced traders always say to stay out of the market during FOMC statements. Good idea if you're not exactly sure what you are listening for and don't have a plan based on the direction the Fed is hinting at.

There will be plenty of time to get in the trend after it's over, you've read some and see more clearly how the market is reacting.
Absolutely!!
it is squeeze time. 60m200 sma res
euro wake up
At the conclusion of its discussion,
the Committee decided to continue adding
policy accommodation by purchasing
additional MBS at a pace of $40 billion per
month and longer-term Treasury securities at
a pace of $45 billion per month and to
maintain its existing reinvestment policies.


This means they will continue with the monetary policy and purchases more bonds..so market just reacted out of suprise..i don't think bernanke will change anything...tension in the market is over...just buy
1.29-1.2950 is perfect to short eu !
i also sold out before this meeting in loss
  •  Guest
  • | IP XX.XXX.76.121
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.

I think go up, buy eur/usd or buy gold
Quoting Guest
it says they will continue with the assets purchase $45 B per month, so i guess EUR/USD will fly up
Thanks for your translation
It means USD weaken, EU up
Give me patience
short eur // divergence . tommorow will go down again
Quoting distancefind
eurousd up or down pls comment
must not ask try to guess
its a game ,,, time your move ,,, and go a sixer ,,,
Quoting alues
Wait for Ben , then dollar will fly back up
$ is not flying anywhere - for whatever reason the Euro has turned up 1.31262 is next. If it crosses that line - I am sorry but 1.37 may be next. But lets watch the lines. One by one and how the pair performs.

I did warn about this elsewhere in a detailed post (the one saying 1.27 will not be an easy slice through I think over the weekend) - but then again who the hell am I (and who the hell bothered to read all that crap I wrote right)?

LG
Quoting venzen
experienced traders always say to stay out of the market during FOMC statements. Good idea if you're not exactly sure what you are listening for and don't have a plan based on the direction the Fed is hinting at.

There will be plenty of time to get in the trend after it's over, you've read some and see more clearly how the market is reacting.

Quoting GlennFX1
Absolutely!!

So tru! I am highly interested if anyone know what information was said that trigged the semi large bear candle. For me they didnt quite say anything which to me made me feel that the market sentiment would be bearish and people would act on that by selling the UJ pair. Am i correct? or was their really some bad news in the announcement that i missed? I am highly interested in learning to read the news right so please lets have some constructive conversation about the topic
Could it be that the word 'premature' made it clear that the time is not right for the USD to rise in the UJ charts?
  •  Guest
  • | IP XXX.XXX.82.152
keep away frm market this time. and wait for tomorrow.
Quoting jaybluezy
At the conclusion of its discussion,
the Committee decided to continue adding
policy accommodation by purchasing
additional MBS at a pace of $40 billion per
month and longer-term Treasury securities at
a pace of $45 billion per month and to
maintain its existing reinvestment policies.


This means they will continue with the monetary policy and purchases more bonds..so market just reacted out of suprise..i don't think bernanke will change anything...tension in the market is over...just buy

I was wondering the same. yet market goes down. :/ But yes i really think it is going to the up side. Could it be that when they used the word "premature" it made the market react in the opposite way?
chance to euro move down now
gold new high
  •  Guest
  • | IP XX.XX.112.51
Quoting venzen
experienced traders always say to stay out of the market during FOMC statements. Good idea if you're not exactly sure what you are listening for and don't have a plan based on the direction the Fed is hinting at.

There will be plenty of time to get in the trend after it's over, you've read some and see more clearly how the market is reacting.

Unless are trading in the right direction already
Quoting jaygee
gold new high
after every fomc gold down nearly 30 usd (last 4 FOMC)
Quoting Loadedgun
$ is not flying anywhere - for whatever reason the Euro has turned up 1.31262 is next. If it crosses that line - I am sorry but 1.37 may be next. But lets watch the lines. One by one and how the pair performs.

I did warn about this elsewhere in a detailed post (the one saying 1.27 will not be an easy slice through I think over the weekend) - but then again who the hell am I (and who the hell bothered to read all that crap I wrote right)?

LG
LG, how you can judge the next target while it is still in high volatile? don't you need to wait for it to close or at least stable? or you got invented a new trick?
calm down .. the situations of EUR isn't better than US ..
It doesn't matter how slowly you go as long as you don't stop-Confucius
Committee decided to continue purchasing additional MBS at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month and to maintain its existing reinvestment policies.

The Desk is directed to continue purchasing longer-term Treasury securities at a pace of about $45 billion per month and to continue purchasing agency mortgage-backed securities at a pace of about $40 billion per month.

It means Eur/Usd up? But it's being down now
Give me patience
Quoting Bullfx
Committee decided to continue purchasing additional MBS at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month and to maintain its existing reinvestment policies.

The Desk is directed to continue purchasing longer-term Treasury securities at a pace of about $45 billion per month and to continue purchasing agency mortgage-backed securities at a pace of about $40 billion per month.

It means Eur/Usd up?
and Gold?
Buy GU @1.4986 and lost for 20 pips hehehe

Waiting for Fed's Bernanke speech already. I hope to turn things arround.
i will wait for Bernanke's speech
1.29-1.2950 is the place to short eu, likewise 1.50-1.4950 for gu
Notice how everything kinda smoothes out after the computers settle down?

FOMC wants labor market to improve. Same thing they said last month. Hat's out to those euro longs that needed the action.
When the facts change I change my mind, what do you do sir
dont ever try to trade when a data is being released
LMAO!
Ghost Rider - WWTBMD?
With this move up eu, gu longers are now weak holders !!!
Quoting Bullfx
Committee decided to continue purchasing additional MBS at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month and to maintain its existing reinvestment policies.

The Desk is directed to continue purchasing longer-term Treasury securities at a pace of about $45 billion per month and to continue purchasing agency mortgage-backed securities at a pace of about $40 billion per month.

It means Eur/Usd up?
i am just as curious to know but more curious to learn why it may go up or down or do nothing at all.. i am no expert and i may be wrong but if they continue i think its going to go strengthen the USD so in your case its going to go down. where as in my case its going to go up for the UJ. Im a still learning so i may be wrong But yeah hopefully some expert an see this and give their knowledge and experience so we all can learn
Quoting blackNwhite
LG, how you can judge the next target while it is still in high volatile? don't you need to wait for it to close or at least stable? or you got invented a new trick?
lol, can u read the stars?????? LOL then i think u r long from now on
not really, it rocket quikly to 1.2950 b/c of soo many stop losses at 1.2910...that only accelerated the move upward (briefly)...had nothing to do with the FOMC...it will behoove you to stay short....at the end of the day...they still intend to taper off this year....let's not forget Ben is up soon to sprinkle some fairy tale magic....this is a one way street for euro...down...i now it may not look like it...but believe me....if you're short....stay short..at least until 1.2750...and you're on the side lines....better short now...the higher, the better.
Enter Signature
euro is back from where the rally started
LG How are you?
Since Long i am reading ur posts and i always find your targets well are very helpful, you mentioned that next move of Euro is 1.3162,,, is this for very near future?
Journey in a circle, we are coming back to the point from where we have started....
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
Quoting Dr.Zain
LG How are you?
Since Long i am reading ur posts and i always find your targets well are very helpful, you mentioned that next move of Euro is 1.3162,,, is this for very near future?
yes of course, somewhere in the future we will see this target
lol, look again at the chart , i think the market knows about
how many of u actually read the minutes cos all i can see is trader who are reacting to a short term loss instead of looking at the long term trends the us economy is still better than that of the Euro zone don't go running in because u read a single line that brought chaos into the market look at the big picture before u jump in cos u just might jump into a volcano thinking it is a pool of fresh water
for a clearer and better view, wait for Bernanke's speech.
"Up/down, sell/buy" Most of you people should not be trading. I hope you're on demo accounts. Big boys are faking moves and taking your money. Hunting is how this market is played
after 9000 pips aud will become invisible, history
don't get bullied into a long....dollar is in demand...period end of story....but I behoove anyone to put there money in and make a decision...i'm short at 1.2855 and 1.2820....looking for 1.2750....time will tell.
Enter Signature
Quoting Hoops McCann
"Up/down, sell/buy" Most of you people should not be trading. I hope you're on demo accounts.
like u are? nice to tell us
Quoting Furdean2
after 9000 pips aud will become invisible, history
Ha Ha Ha
Quoting jagonzalez
don't get bullied into a long....dollar is in demand...period end of story....but I behoove anyone to put there money in and make a decision...i'm short at 1.2855 and 1.2820....looking for 1.2750....time will tell.
well, almost 100 pips dowm a few minutes ago
sell anything at 1.2910
Enter Signature
Quoting jagonzalez
sell anything at 1.2910
even u r house, why it comes the armagedon?
...that's why trading is guessing.....
i like to short ....market falls 8 time faster then rise(acording to larsen..)..so euro rise ......means short...adr already reached ..so revesion to mean..IMHo
Say something meaningful or Silence!!
Quoting harry23
...that's why trading is guessing.....
Close your eyes and hit the buy/sell button at any given time? I guess ignore high probability signals and R multiples, what good are they? The small percentage that make it aren't just "lucky" all the time.
Short eu,gu,au etc
range till Ben 1.2910 - 1.2865.....
Enter Signature
...all I need is the 8 ema on the 60 min chart....
Quoting Hoops McCann
Close your eyes and hit the buy/sell button at any given time? I guess ignore high probability signals and R multiples, what good are they? The small percentage that make it aren't just "lucky" all the time.
I guess when he performs poorly, it makes him feel better because he cannot get it.

Someone once told me: Luck is a matter of preparation meeting the right time.
When the facts change I change my mind, what do you do sir
Quoting jagonzalez
don't get bullied into a long....dollar is in demand...period end of story....but I behoove anyone to put there money in and make a decision...i'm short at 1.2855 and 1.2820....looking for 1.2750....time will tell.
thank you atleast they are people in here that know what they are doing.
  •  Guest
  • | IP XX.XXX.182.161
Luv reading the comments here. So much 'horse feathers'!!!!!!. When will you learn to stay away from these 'market moving events'. No one can predict the Knee-jerk reactions so don't put your money at risk.
Quoting blackNwhite
LG, how you can judge the next target while it is still in high volatile? don't you need to wait for it to close or at least stable? or you got invented a new trick?
Do not worry you will soon see. This time I told you - it will be childs play for us. I have been testing the stuff and as you can see it works like hell so very soon. But do not say nothing in public - we shall talk. Cheers - its a bomb no waiting for nuthing.

PS: Do not forget that there will be some reversion after this move (retrace) so careful if you are trading.
Quoting Pip Anon
Christ look at the charts, read the data and make a determination.
Quoting alvaredo
calm down .. the situations of EUR isn't better than US ..
US situation is waaaay better than the EU situation brother. If EU drove the pair it would be at =<1.20 now.
I go by that: http://www.youtube.com/watch?v=_VpvgQBeShY
what it means?
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting jagonzalez
don't get bullied into a long....dollar is in demand...period end of story....but I behoove anyone to put there money in and make a decision...i'm short at 1.2855 and 1.2820....looking for 1.2750....time will tell.
I agree. I mentioned 1.2750, according to monthly charts, in June and posters said back to 1.34 before 1.29 (it was at 1.33 at the time). According to Harry, I just guessed. In the end, it was right. I also said the euro would be topping out at 1.3410 - under by 5 pips - while posters were calling for 1.36 and shite.

No one should get fooled into trading a particular direction. Trust your analysis. I am probably one of the biggest contrarians here, and I do pretty damn well.

This price action to day is what happens EVERY time a key data point is reported. All these spikes to is clear out the market.
When the facts change I change my mind, what do you do sir
keep your money away
Quoting backinblackl
US situation is waaaay better than the EU situation brother. If EU drove the pair it would be at =<1.20 now.
I never disagreed. I been bearish since 1.36 and been riding the way. Check out my posts beforehand. The comment was in regards to posters continuous asking what direction something should go in.
When the facts change I change my mind, what do you do sir
Quoting Pip Anon
He's no trader
I am glad that you are one! GLTY
What a circus!! Are you really traders or wannabe traders. Why would you want to trade now and not any other time?? What is so important or magic about the minutes? Stick to your system dammit, don't throw your money in the water!!!
Quoting Bakker
What a circus!! Are you really traders or wannabe traders. Why would you want to trade now and not any other time?? What is so important or magic about the minutes? Stick to your system dammit, don't throw your money in the water!!!
Huh? What if their system trades news or event risk? Don't knock it because you prefer not to do it.
When the facts change I change my mind, what do you do sir
market is going crazy don t giveup feel so long
am worry about bernanke i wanna usd go up all my wishes and eur go down
Quoting Pip Anon
I agree. I mentioned 1.2750, according to monthly charts, in June and posters said back to 1.34 before 1.29 (it was at 1.33 at the time). According to Harry, I just guessed. In the end, it was right. I also said the euro would be topping out at 1.3410 - under by 5 pips - while posters were calling for 1.36 and shite.

No one should get fooled into trading a particular direction. Trust your analysis. I am probably one of the biggest contrarians here, and I do pretty damn well.

This price action to day is what happens EVERY time a key data point...

You are right, all pairs that rallied today will reverse and run for +200 pips this week .Euraud, eurnzd, gbpaud, gbpnzd, eurusd,gbpusd is perfect to short .Aud and nzd will go crazy starting this asian session I guess.
Quoting Bakker
What a circus!! Are you really traders or wannabe traders. Why would you want to trade now and not any other time?? What is so important or magic about the minutes? Stick to your system dammit, don't throw your money in the water!!!
Some people are earning 200 pips in 15 minutes what you earn in 1 month using the event risk news. Or they can lose it, but no one is that stupid to leave the trade open in case that the chart is going in the wrong direction.
Quoting Wazzz
Some people are earning 200 pips in 15 minutes what you earn in 1 month using the event risk news. Or they can lose it, but no one is that stupid to leave the trade open in case that the chart is going in the wrong direction.
Ha!ha! Yes, they earn it once and never again. Trading event risk news is gambling mate, nothing else.
any comments about level 2894..........
Say something meaningful or Silence!!
  •  Guest
  • | IP XX.XXX.180.39
I use event risk to trade as well. as they said, higher the risk, higher the return...
Quoting Loadedgun
Do not worry you will soon see. This time I told you - it will be childs play for us. I have been testing the stuff and as you can see it works like hell so very soon. But do not say nothing in public - we shall talk. Cheers - its a bomb no waiting for nuthing.

PS: Do not forget that there will be some reversion after this move (retrace) so careful if you are trading.
Your words are soothing.. I have no position right now, have close it in green before FOMC ( long euro from your daily idea ), though will be more profitable if I didn't close it but no sweat as strict to the rules " trade fundamental in chaos " I told you the detail in email..

as requested by your hidden follower, is your take on gold still valid or not? Cheers
what time Bernanke going to finish the speak? the market will move after it finished or it will move during the Speak?
Never say no to PIPS
wasting the time to waiting this fuky news to feel short but ,,,,,,,,, going oposite fuk fuk fuk news
fuck market
Quoting Pip Anon
Huh? What if their system trades news or event risk? Don't knock it because you prefer not to do it.
Its pretty obvious that when you ask which way the euro or dollar is going, you don't even have a screen in front of you.
Quoting classy
any comments about level 2894..........
Rather watch 2880
Quoting ecoplace
wasting the time to waiting this fuky news to feel short but ,,,,,,,,, going oposite fuk fuk fuk news
Funny. News, headlines, fundamentals mean crap, follow price...
Quoting okanemici
You are right, all pairs that rallied today will reverse and run for +200 pips this week .Euraud, eurnzd, gbpaud, gbpnzd, eurusd,gbpusd is perfect to short .Aud and nzd will go crazy starting this asian session I guess.
How you say it? according to D1 MACD? or anything behind it.
KISS - Keep It Simple Smart !!!!
Quoting venzen
experienced traders always say to stay out of the market during FOMC statements. Good idea if you're not exactly sure what you are listening for and don't have a plan based on the direction the Fed is hinting at.

There will be plenty of time to get in the trend after it's over, you've read some and see more clearly how the market is reacting.
Good post great advice, when in doubt stay out!

And if you have any open trades Buy and Sell Stops or Limits good time to cancel them is before hand because as you can see by today's temporary spike down in the USD the market is more then willing to help execute those orders for you and clean your account out !!!
Lol, always makes me laugh reading these comments, buy, sell, sell more no buy. Guys if you want to succeed do your analysis, then wait for the markets to tell you buy or sell. If you don't get a clear entry in accordance with your rules that makes sense in the big picture, then don't trade.
Quoting lazyegg
what time Bernanke going to finish the speak? the market will move after it finished or it will move during the Speak?
Bernanke speak in 5 mins... The market will move during his speak... if it want to move of course...
Surabaya
Quoting Jules75
Lol, always makes me laugh reading these comments, buy, sell, sell more no buy. Guys if you want to succeed do your analysis, then wait for the markets to tell you buy or sell. If you don't get a clear entry in accordance with your rules that makes sense in the big picture, then don't trade.
No, you and me are wrong, some guys here ( even with 6 vouches) say you can successfully trade the news. Would love to see that!!
  •  Guest
  • | IP XXX.XX.112.254
plz translate Bernanke speaking
nothing happen, time to go lunch
Never say no to PIPS
Quoting Jules75
Lol, always makes me laugh reading these comments, buy, sell, sell more no buy. Guys if you want to succeed do your analysis, then wait for the markets to tell you buy or sell. If you don't get a clear entry in accordance with your rules that makes sense in the big picture, then don't trade.
These statements can be interpreted in many different ways thus all the volatility during them as traders all with different interpretations are trading on their own assumptions of what the statements and comments meant.

So unless you hear something definite like they are telling everyone about a rate raise or lowering don't trade.

Sometimes one can even see the big picture correctly but if there are more people getting it wrong it really doesn't matter how you are seeing things.
200 pips nice. all you need is the 8 ema on the 60 min and a trailing stop loss to be PRECISE. I guessed right!
The stock phrase is that you don't trade the news, you trade the reaction to the news.

Quoting Bakker
No, you and me are wrong, some guys here ( even with 6 vouches) say you can successfully trade the news. Would love to see that!!
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
The stock phrase is that you don't trade the news, you trade the reaction to the news.
The stock phrase aught to be - the wire services trade the news and currency traders trade the charts. Period. Nice one
I wonder how precise Mr. Precise was today LOL
Quoting jagonzalez
.let's not forget Ben is up soon to sprinkle some fairy tale magic....this is a one way street for euro...down...i now it may not look like it...but believe me....if you're short....stay short..at least until 1.2750...and you're on the side lines....better short now...the higher, the better.
What's really cool is not that you were very wrong, but that many noobs take advice like yours and put big money on a short that just wiped their accounts clean.

Awesome disappearing margin trick!
Quoting Hoops McCann
Funny. News, headlines, fundamentals mean crap, follow price...
i use usually price action,but this one use wrong way , anyway you r raison fundamental mean crap,,,,
Quoting ecoplace
i use usually price action,but this one use wrong way , anyway you r raison fundamental mean crap,,,,
i get double smack on the floor this day,think stop rally follow shadows
Quoting alvaredo
calm down .. the situations of EUR isn't better than US ..
Irrelevant.
http://prntscr.com/1eotip
I hated you so far, today, I love you Ben.

Mr Kuroda, Wake up. See Ben.
Quoting Spreadbetter
The stock phrase is that you don't trade the news, you trade the reaction to the news.
Very true.
When the facts change I change my mind, what do you do sir
This is only the beginning as retail traders realize the wool has been pulled over there eyes "yet again".

USD weakness only now starting to show as the Fed's mandate is a weaker dollar ( to service the ever growing debt).

There is no tapering to follow. Only "additional QE" soon to be announced.

Fundamentals "drive" forex markets....and in the case of USD - the fundies go from bad to worse....to terrible...to disasterous as the days go by.
I'm short humanity, and long interplanetary travel. Forexkong.kom
both the euro and pound were driven to their recent mar-apr lows before this news came out. you can trade these news events if you can read the into-news moves correctly
nice im sad when i start my computer because im sleep early in the night and alarm that time when speak of fomc is on but unfo i awake late but still happy i catch up some sandwich of euro and gbp and gold at and 50 percent market bullish trend i eat not 100 if i awake 1 hour ago then i catch all moment of bullish trend of market but its ok im still happy thanks guys predict good news and analysis about market. thanks all guys
Quoting okanemici
Let me tell you what will happen.
euraud, eurusd, eurnzd, gbpusd, gbpnzd, gbpaud will go down
usdchf, audchf will go up
gold is sell stop 1245, buy stop 1265
usdyen is a buy stop at 100.75
euryen is sell stop 128.6
This is precisely why prediction is such a stupid tool for forex. No offence to anyone personally, just trade without knowing so much. Systems trading doesn't need to predict price and it is a relief to trade without that "unknown" clouding one's thoughts. Price goes up and down.
i feel yesterday and also some news about q5 program have some difficulties and make some bearish trend for dollar so loss done for dollar and euro and gbp gold buyers are happy same like last fomc meetings seller was happy but we are still waiting when crude oil blow back in its natural zone 95 or 96 area please also analysis post about it i wait it since last 3 weeks but tis going up and up when its come down where Egypt crisis are over come now and elections date announced do America afford crude oil high prices where America is a worlds largest consumer of oil this time how he afford it.
Quoting Jamz
This is precisely why prediction is such a stupid tool for forex. No offence to anyone personally, just trade without knowing so much. Systems trading doesn't need to predict price and it is a relief to trade without that "unknown" clouding one's thoughts. Price goes up and down.
jamz how much goes down and when they pairs do gown do i place order now in euro now its at 1.3085 and gbp at 1.5100
the eur/usd is in a 4000 pip range for 10 years now. That range has tightened to 3000p or so over the last 5 years and tightened even more to around 1600 over the last 2 years. There is no reason to believe that won't continue.
Quoting jaygee
the eur/usd is in a 4000 pip range for 10 years now. That range has tightened to 3000p or so over the last 5 years and tightened even more to around 1600 over the last 2 years. There is no reason to believe that won't continue.
whats mean by you clarify please
Absolutely freakish day. Manipulation at its very best, this isn't just big players its the FED and ECB both in on it. Around 440 pip moves in a day, WTF! When did this kind of move last happened? When the market crashed. Something smells fishy.

Certainly a day to remember.
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Nice comment about the huge flag. It broke my silence. Thanks


Quoting jaygee
the eur/usd is in a 4000 pip range for 10 years now. That range has tightened to 3000p or so over the last 5 years and tightened even more to around 1600 over the last 2 years. There is no reason to believe that won't continue.
yes no doubt about it first dollar move 200 pips in bearish trend now its moving up and after noon employment rate data is announce which is looking positive and dollar push up because last time data negative since last 2 times now today its positive figure is looking may be dollar up 50 or 70 pips range but move is must today because tomorrow no such a good Data are coming so market all the work done today and much done last night.
Hi guys, just logged in and red most of your comments.
My opinion is that I saw this big jump long time ago and I thought it should come (Technically) in EURUSD & Gold but it will be for temporary action until 1.3210 level (Hopefully) then it will has to trace back down sharply (During a week or so) EURUSD toward 1.26
It is just my analysis only. It might goes to 1.3251 as limit up but still the sharp down scenario is what I see.
Anyway, I am shorting from this level 1.3131 and willing to short more if reaches to 1.3251
I made good trade in XUUUSD from 1,253 up to 1,284. I was waiting for this jump since 3 days ago :-(
Proud to be a contrarian,
Good bottom and insane tops!!!!
Quoting Loadedgun
$ is not flying anywhere - for whatever reason the Euro has turned up 1.31262 is next. If it crosses that line - I am sorry but 1.37 may be next. But lets watch the lines. One by one and how the pair performs.

I did warn about this elsewhere in a detailed post (the one saying 1.27 will not be an easy slice through I think over the weekend) - but then again who the hell am I (and who the hell bothered to read all that crap I wrote right)?

LG

very very nicely done
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osbourne and carney wont leave sterling apprecating gbp/usd and declining eur/gbp and of course 'fundies' and wallstr and ben the arrogant want a war they think they can win but case for the taper is stronger-us economy fundamentally is STRONGER!
There is no way to go more than 1.3205 up in EURUSD. (The high of today) Technically can't be.
Next week might hit the same high level of today, then I will short it strongly from 1.3200 if reaches again.

Gold might jump to 1621 this week. My calculations says today might see good high level. I bought again from 1,288 and my target still 1520 then 1620 hopefully.

Let us see.
It is my calculations anyway.

It looks crazy but this is what I have for EURUSD & Gold today.

Cheers
Quoting MubasherCafe
There is no way to go more than 1.3205 up in EURUSD. (The high of today) Technically can't be.
Next week might hit the same high level of today, then I will short it strongly from 1.3200 if reaches again.

Gold might jump to 1621 this week. My calculations says today might see good high level. I bought again from 1,288 and my target still 1520 then 1620 hopefully.

Let us see.
So you expect gold to go up $370 in 3 days, is that correct? When is the last time gold went up that much in 1 month?

Good luck with that buddy.
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