FOMC Statement | Forex Factory

  • FOMC Statement

    From federalreserve.gov

    Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. On balance, labor market conditions improved somewhat further; however, the unemployment rate is little changed and a range of labor market indicators suggests that there remains significant underutilization of labor resources. Household spending appears to be rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow. Fiscal policy is restraining economic growth, although the extent of restraint is diminishing. Inflation has ... (full story)

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OnlineAddict
Sep 17, 2014 2:53pm
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Quoting irongoose
Someone feel free to corent me if I'm wrong but the meeting didn't sound all that Hawkish plus CPI data wasn't good, both are telling me that the news was used to grab some long lingering stops and the dollar rally will not last more then a week or less.
Don't we hear this every week? Its safer to trade whats on the chart, not what MAY happen in a week. If it happens, it happens and we can trade it.
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irongoose
Sep 17, 2014 2:49pm
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Someone feel free to correct me if I'm wrong but the meeting didn't sound all that Hawkish plus CPI data wasn't good, both are telling me that the news was used to grab some long lingering stops and the dollar rally will not last more then a week or less.
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irongoose
Sep 17, 2014 2:59pm
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Quoting OnlineAddict
Don't we hear this every week? Its safer to trade whats on the chart, not what MAY happen in a week. If it happens, it happens and we can trade it.
I was just saying, I never trade the news, rumors and what have you, just what I'm seeing on the chart.
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irongoose
Sep 17, 2014 3:05pm
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Quoting wlarimer
Who will raise first? dollar? pound? Adollar? Cdollar? It's a contest between Gbp/Usd as to who raises first. If Scotependance vote goes down like I expect, Pound should be the long for next week and maybe for the year.

Euro will stay weak, same with yen, probably Adollar. I never get Cdollar right so I avoid, Nzd might (should) strengthen periodically but will be talked or intervened lower when it does. SNB already told us where franc is headed. There are really only two good long term choices. Pound looks best if vote is no. It is wasting...
Pound benefits from being strong so I believe they will raise their rate first plus I think the vote for Scottish Independence will be a no and the Pound is getting ready to rally like crazy! The timing is what is going to be tricky.
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wlarimer
Sep 17, 2014 2:55pm
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Quoting Guest
No rate rise even on the horizon yet!!
Who will raise first? dollar? pound? Adollar? Cdollar? It's a contest between Gbp/Usd as to who raises first. If Scotependance vote goes down like I expect, Pound should be the long for next week and maybe for the year.

Euro will stay weak, same with yen, probably Adollar. I never get Cdollar right so I avoid, Nzd might (should) strengthen periodically but will be talked or intervened lower when it does. SNB already told us where franc is headed. There are really only two good long term choices. Pound looks best if vote is no. It is wasting time and money trying to squeeze anymore than some long swings out of E/U. It's going doowwnn, for months. Take your losses on a pull back and move to the right side of the trade.
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wlarimer
Sep 17, 2014 10:50pm
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Quoting irongoose
Pound benefits from being strong so I believe they will raise their rate first plus I think the vote for Scottish Independence will be a no and the Pound is getting ready to rally like crazy! The timing is what is going to be tricky.
Looks likely to me 'Goose.
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OnlineAddict
Sep 17, 2014 1:50pm
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Quoting fx-trader777
I am tired of constant complaining on this board about strong dollar.
Me, too...people try constantly to counter-trade the market and then complain.
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Exodus
Sep 17, 2014 1:13pm
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Quoting fx-trader777
Sell soul to devil
What can you offer me
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fx-trader777
Sep 17, 2014 1:06pm
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Sell soul to devil
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fx-trader777
Sep 17, 2014 1:23pm
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I am tired of constant complaining on this board about strong dollar.
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Charlzz
Sep 17, 2014 1:47pm
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Quoting fx-trader777
I am tired of constant complaining on this board about strong dollar.
Yes me too. It looks there is plenty of loosers on eur/usd longs lol. I love when they fight with a market and the trend lol
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irongoose
Sep 17, 2014 1:26pm
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Quoting abhinav23
What a bullshit....USD still stronger
Give it a chance, CPI data was weak.
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irongoose
Sep 17, 2014 1:29pm
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Quoting Exodus
What can you offer me
LOL I like that! LOL!!
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abhinav23
Sep 17, 2014 1:06pm
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What a bullshit....USD still stronger
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san99
Sep 17, 2014 1:14pm
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Quoting abhinav23
What a bullshit....USD still stronger
Yeah, ridiculous!
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safdarhashmi
Sep 17, 2014 1:21pm
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when ever they create a hip before these kind of events i always go against it
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mokhlesur
Sep 17, 2014 1:42pm
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sell usd.
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sharabela
Sep 17, 2014 3:37pm
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Quoting OnlineAddict
Don't we hear this every week? Its safer to trade whats on the chart, not what MAY happen in a week. If it happens, it happens and we can trade it.
Exactly. Chart never lies, but news does; experts do. Here is something which is very thought provoking

http://technicalanalysis.trade-alerts.net/articles/technical-analysis-articles/eurousd-point-keep-eye

After having a close look at it, we will surely know news just favors trend, it does not normally change a trend though.
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CoolJL
Sep 17, 2014 5:55pm
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Quoting sharabela
Exactly. Chart never lies, but news does; experts do. Here is something which is very thought provoking

http://technicalanalysis.trade-alert...point-keep-eye

After having a close look at it, we will surely know news just favors trend, it does not normally change a trend though.
Yeah, news are usually used as entry points in the direction of trends. But to change a strong trend you do often need the chairman of a central banks to say something big, Bernake 10 July 2013 and Draghi 8th May 2014 are great examples.
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sharabela
Sep 17, 2014 10:48pm
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Quoting CoolJL
Yeah, news are usually used as entry points in the direction of trends. But to change a strong trend you do often need the chairman of a central banks to say something big, Bernake 10 July 2013 and Draghi 8th May 2014 are great examples.
Yep, this is it. Events like those are meant to give market a direction. Interestingly market waits at an important level where they can take bull or bear direction according to their speech. What I am saying is it is always all technical. They make market move to a direction, but market moves to the direction by following its own law.
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jackenorme
Sep 17, 2014 1:36pm
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wherever the dollar go we go. a follower always win, price action is king. news, analysts are only 50% correct.
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saeeeed
Sep 17, 2014 1:05pm
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BUY USD
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partyboyzjs
Sep 17, 2014 1:16pm
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whata fuck?? seriously.....fat yellen.....@@
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palinco
Sep 17, 2014 1:40pm
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Quoting jackenorme
wherever the dollar go we go. a follower always win, price action is king. news, analysts are only 50% correct.
You right.
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fx201210
Sep 17, 2014 1:40pm
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unlike you guys, i see a strong potential of reversal trends against USD
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fx201210
Sep 17, 2014 1:48pm
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Quoting mokhlesur
sell usd.
not yet
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Trader#9A02
Sep 17, 2014 1:08pm
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No rate rise even on the horizon yet!!
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Trader#54E3
Sep 17, 2014 1:11pm
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So sorry to ask, but how long is a considerable time? Hopefully Ms. Yellen will answer this question, at least in terms o,f months - 6? 12? 144?
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Trader#D0E7
Sep 17, 2014 1:22pm
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Well done yellen! Keep the dollar weak to help increase US exports. Love you so much!
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Trader#F433
Sep 17, 2014 1:26pm
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The $ is trending higher... trade it that way or lose you money... more quickly.
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Trader#FF3E
Sep 17, 2014 1:37pm
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A stronger dollar will damage the US economy.
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Trader#A774
Sep 17, 2014 2:55pm
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yea me too , the meeting is not too abvious, and even usd will go up all day, i think it will retrace at Unemployment Claims , and might be an ideal place to enter the market again
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