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  • Minutes of the Federal Open Market Committee

    From federalreserve.gov

    Developments in Financial Markets and the Federal Reserve's Balance Sheet In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets. The deputy manager followed with a review of System open market operations conducted during the period since the Committee met on March 17-18, 2015. The deputy manager also discussed the outcomes of continued testing of the Federal Reserve's term and overnight reverse repurchase agreement operations (term ... (full story)

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Dollar is cranking! Head fake?
  •  Guest
  • | IP XXX.XX.16.137
The Economy Is SLowing Down, that's what I read! So it's bearish.
choppy action better stay out
just talking about rate hiking
"we should...just don't know when yet"
is bullish enough
the approximate present does not approximately determine the future
The Committee agreed to maintain the target range for the federal funds rate at 0 to 1/4 percent and to reaffirm in the statement that the Committee's decision about how long to maintain the current target range for the federal funds rate would depend on its assessment of actual and expected progress toward its objectives of maximum employment and 2 percent inflation.

The Committee agreed that the statement should indicate that the data received over the intermeeting period suggested that economic growth had slowed and to note that this partly reflected transitory factors.

In their discussion of monetary policy for the period ahead, members judged that information received since the FOMC met in March suggested that economic growth slowed during the winter months, in part reflecting transitory factors. The pace of job gains moderated, and the unemployment rate remained steady. A range of labor market indicators suggested that underutilization of labor resources was little changed. Although growth in household spending declined, households' real incomes rose strongly, partly reflecting earlier declines in energy prices, and consumer sentiment remained high.
Losers Hope, Winners Believe
Participants discussed the merits of providing an explicit indication, in postmeeting statements released prior to the commencement of policy firming, that the target range for the federal funds rate would likely be raised in the near term.
Trader from Croatia
No trade
  •  Guest
  • | IP XX.XXX.35.60
limbo : on
I've just lost quite a bit with the sudden bearish and bullish. So is it bullish or bearish? The rate is so inconsistent.
SELL DOLAR MONTHS
  •  Guest
  • | IP XX.XX.201.70
Is it over ffs?
Quoting Royston0822
I've just lost quite a bit with the sudden bearish and bullish. So is it bullish or bearish? The rate is so inconsistent.
Cross urs figures during such high impact events...
don't trade during "high impact events"
Quoting Dr.Zain
Cross urs figures during such high impact events...
Of you can show your middle fingures to those speakers..!!!!
  •  Guest
  • | IP XX.XX.201.70
Well I guess it's over, we can go back to normality
made my 20 pips as fed plays around as always. Several times a day i get my 20 pips, in and out in short times. Only a few times do i even try to let it go for more but a few times a month i get 150-200 pip runs, usually with these kind of announcements but not today.

I no longer care if usd goes up or down or if euro goes up or down long-term or to even try to make sense of any of it. I only care about price action for the next hour or so.

too much market manipulation to make sense of it really, as confirmed by billions in fines to the major banks...and imho that is just the tip of the iceberg. The fines do not matter to them, it is a drop in the bucket for them.
sitting bearish on gold from 1227 and will leave the trade open
Gold Annihilation System
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  • | IP XXX.XXX.129.219
bearish in daily
  •  Guest
  • | IP X.XXX.9.79
yes , SELL DOLAR
  •  Guest
  • | IP XX.XXX.128.126
Quoting mysystem
No trade
Speak for yourself, Tonto, I have two scalps already!
No trade now.
  •  Guest
  • | IP XXX.XX.16.137
Pretty clear it's bullish at the moment? Once it breaks top 1.11 it will just skyrocket.
  •  Guest
  • | IP XX.XXX.23.247
Made 14 pips all in all, on 3 trades during the insanity.
  •  Guest
  • | IP XX.XXX.128.126
Quoting Dr.Zain
Cross urs figures during such high impact events...
Hey! Dr.Zee ...good to see you here.

Now just waiting for price to show that it is time to short the Euro again, although it could be a while yet.
another 20 pips on GU buy

another nice day
Transitory factors!
You must trade these clear un-risky event 3 time each 15 minutes on tips, highs/lows>

you must earn 500 pips in 15 minutes since it is direct and simple.
It is sclaping time yeaah....:-)
  •  Guest
  • | IP XX.XXX.164.18
Upon release the EU spiked +40 pips. Three minutes later it was down -40 pips. Thirty minutes later it was +35 pips.

I can't make money in that link of psycho action.
Quoting Guest
Hey! Dr.Zee ...good to see you here.

Now just waiting for price to show that it is time to short the Euro again, although it could be a while yet.
If Euro closed above 1.1050 its good for bulls
Quoting Alraqeem
You must trade these clear un-risky event 3 time each 15 minutes on tips, highs/lows>

you must earn 500 pips in 15 minutes since it is direct and simple.
So far the E.U graph makes sense to your strategy but not sure how long to do that
Losers Hope, Winners Believe
I don't think even basket trading could fetch 500 pips in 15 minutes. I just trade charts not news and that is the only thing you can do without giving anything else any importance.
Watching usd/cad 1.2160 Area crucial juncture.

That's My way to trade.
“A few anticipated that the information that would accrue by the time of the June meeting would likely indicate sufficient improvement in the economic outlook to lead the Committee to judge that its conditions for beginning policy firming had been met”, minutes said.

dollar ya ngeBULL maning
  •  Guest
  • | IP XX.XXX.12.157
The problem is that despite analysts having all the facts of the fomc meeting in - none can call the market. It is a real laugh because just like everyone else the are watching the market tick up and down and wondering what the hell is going on. You sirs are on your own - that is the market.

The Crow (-_-)
Quoting Shiv999
So far the E.U graph makes sense to your strategy but not sure how long to do that
I think he means 50 pips or 500 pipettes
Dollar strength should resume, thats my guess.. based on the US continuing to print, EU is okay with a weak euro
Quoting Verve
I think he means 50 pips or 500 pipettes
Dollar strength should resume, thats my guess.. based on the US continuing to print, EU is okay with a weak euro
Quoting Alraqeem
You must trade these clear un-risky event 3 time each 15 minutes on tips, highs/lows>

you must earn 500 pips in 15 minutes since it is direct and simple.
I agree, 500 points i.e 50 pips. But this strategy can only be tested during press release and not data release. Also looking at chart now I feel this strategy will fail after 2-3 15 mins candle. Though I like this observation.
Losers Hope, Winners Believe
dollar is mainly is on the new rise - I am still bearish with EU
Gold Annihilation System
"The government agency charged with calculating the nation's growth rate is acknowledging problems with its numbers and pledging a series of fixes over the next several months. In a statement to CNBC, the Bureau of Economic Analysis said it's "aware of issues" in it gross domestic product data and "is developing methods to address what it has found." The BEA statement comes after CNBC, in a detailed report in April, showed that first quarter GDP data has been weaker than the other three-quarters for the past 30 years and substantially weaker in the past five"- CNBC

What does this mean?
  •  Guest
  • | IP XX.XXX.164.18
One hour and thirty minutes after the release of the FOMC minutes the EURO is now at the same price when the minutes were released.
it will stay bearish guys
Gold Annihilation System
  •  Guest
  • | IP XX.X.187.141
London have been making most of the moves recently, we'll find out tomorrow morning
it even can happen on asia session
Gold Annihilation System
Eur is building momentum for a new (3rd wave) higher. The pullback towards 50 fib is complete. Look at the daily chart, its all there. On April 23rd Eur crossed short term moving averages into no man's land which was W3. On May 6th a classic 5 wave pattern was completed, after that follows an A, B, C and now we're ready for the big run.
bearish move is not over - that's all
Gold Annihilation System
Looks like it's going to creep down to 1.106 during asia, it's gonna be an interesting morning tomorrow.
  •  Guest
  • | IP XX.XXX.164.18
Quoting Bakker
Eur is building momentum for a new (3rd wave) higher. The pullback towards 50 fib is complete. Look at the daily chart, its all there. On April 23rd Eur crossed short term moving averages into no man's land which was W3. On May 6th a classic 5 wave pattern was completed, after that follows an A, B, C and now we're ready for the big run.
Not a bad analysis. I follow EWT. My only problem with your analysis is that you skip over Wave 4 and jump to Wave 5 on May 5th. My thinking is that we did not finish Wave 3 until May 15 and we are now seeing a corrective Wave 4.
Quoting Dr.Zain
If Euro closed above 1.1050 its good for bulls
I agree with you Dr. 1.1050 is the lowest EU in May ..... bulls on the way ....now is it OS ...
  •  Guest
  • | IP XX.XXX.21.55
Buy dollar -- especially against NZD.
NZDUSD potential to short is great, given the horriblke NZ economic outlook, great US outlook. lowering of the rates in NZ, raising the rates in US, recommendation by the big banks to sell NZDUSD (Barclays, Goldman Sacks, Bank of America, Citi.. etc)....
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