FOMC Statement

they have no intention of raising rates this year, but they have to keep up the pretense that the overall economy is in good shape, but if it actually was, they'd be raising rates, right? The whole thing is just a pile of horse shit, and they'll keep playing this game until the election in November. Will the market keep buying it though??

I have always envy all those trade analysts and economists, right or wrong they always get paid whereas as a trader if I made a wrong trade I paid dearly for it. Wish to be like them in my next live...

"In light of the current shortfall of inflation from 2 percent, the Committee will carefully monitor actual and expected progress toward its inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data."

How can anybody see a hawk in this statement. Keep an eye on BOJ for the next week. Intervention?

This is their gaming plan. After next couple of weeks some of their spokesmen will keep barking about no rate hike. So Fed can easily ignore rate hike in June 2016
We know when 1st rate hike planned and when it processed.

My chart all showed USD bull. Though I didn't follow eur. USD against GBP Aussie jpy.

june....maybe

JUNE 201?????????

playing with your minds that what they are trained to do

chart says sell usd, i sell usd.
don't care what news said

or maybe 202x

euro n sterling uptrend is still intact. no reason to sell, so i buy them. that means i sell usd. right?

"The US economy is already in recession and there is nothing the Fed can do now to save the economy but create a lot of false optimism and the meeting this time will show."

So can the US in recession while still adding an average of 200 thousand jobs each month?

Of course it could, if all that is added is a part-time job. Full time job is lost, especially in the manufacturing sector. All of these new part-time jobs in the service sector and paid, low minimum wage job. So a full time job lost is a high-paying job for the long term good and replaced with part-time jobs are low paid.

No power buying and shopping, no consumer credit, inventory to sales ratio was the highest since the biggest recession in 2009. So many part-time jobs that can be created and the employer is not doing layoffs because they think that a recession will occur. The job cuts will occur and the unemployment rate will increase, but it will happen when the US is already mired in recession so far to do something.

Indeed, at this time I bet on interest rate cuts in the near future as the beginning of the US economic slump and the dollar in the long term.

Earlier deflation numbers for AUD and now slightly hawkish USD. I sell AUD/USD

big like !

Because there was more to the statement than that paragraph. They continue to leave out the "balance of risk" language and are essentially saying "yes, we're gonna raise rates, but do it as we see the situation unfold." Yes, not super hawkish, but if I had to pick a side, I'd go with hawk.

Say anything you like, the current FX for EUR and GBP just back to square one, so......

FED have no choice but to 'act hawkish', the real fact is even APPLE is not performing well in their last financial report, raising rate is almost like committing suicide to the economy.

Also raising rate will give China a BIG help in their economy, which is the last thing to do for FED.

June? let see....!

The Fed wants to stop the strong dollar, but the market must increase the dollar and they have to follow this decision from market, The FED wants to help the US stock market, but the us company could not sell the products in the world by low CPI, so the Dollor will be increase even the fed stop the interest rate , so I try to buy USDCAD, and Sell EURUSD,

The past years FED printed crazily lots of rubbish dollars for QE, but where can the dollars use now?

Stock market is about to crash, housing market crashing too as more and more people simply cannot afford them, most of the commodities are sky high now, all the dollars got no place to circulate and this is the last thing FED want to see if the dollars are to kept in the bank for interest.

The final destination for QE is negative rate and most of the other economy body are already doing except US, so can FED raise rate? you think about it yourself.

Starting QE is the first mistake to start with, printing money without backing is irresponsible act and US is doing that and the world is following, now almost no solution to end this error and negative rate is going to kill the economy since it only create the unthinkable.

Japan is in deep shit now, what can they do? start another war with China? maybe. Maybe more Panama paper is needed to try killing the strong country like China, anyway the Panama paper didn't shake China at all but some other poor countries leaders got the hits.

The world may have to replace money currencies with real gold and silver, back to the day with more responsible order. On the other hand, the whole world total gold in value is less than the total amount of US dollars printed, this is crazy and it just shown to the world that US dollars is doubtful in value, what is the backing? war?

We need to think a bit further, beyond rate hike or drop.

I knew they would raise rates on Wednesday, I just got my Wednesdays mixed up.

I guess there wouldn't be any hike until the election is over.

Forget fed hike rate, us economy will crisis soon, fake data, the fed is weapon without ammunition,..

june 2070

us will cut rate in 2016 soon, let's see

no rate hike forever, us economy will recession soon, they will cut rate in 2016

what kind of reaction is yen having to fomc? looks crazy shit to me, boj statement will be scary on yen pairs

wow.. that's awesome.

i think so, the market probabily will buy

Fed is open to June rate hike. Overall sounds hawkish. But not overly so.

If27 - don't believe the hype - beware of the illusion...

boring... nt moving

1H, 1D and 1W charts for EUR and GBP are showing uptrend, XAG is going to rocket to 18.xx soon.

that was a hiccup, I should say.

Lol. QE is just more bank credit that does not exist, if it did any currency/country that is not using QE would be too strong to trade with! Just look at EU's evasion of trade agreement completion!

Hey anyone tell me when gold hitting 1300.00 nd above ???

What charts you're looking at?

what is time frame on chart? my chart says buy

Open to June hike....then October ..then December