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  • Minutes of the Federal Open Market Committee

    From federalreserve.gov Story is in PDF Format

    A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, July 26, 2016, at 10:00 a.m. and continued on Wednesday, July 27, 2016, at 9:00 a.m.1 PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard James Bullard Stanley Fischer Esther L. George Loretta J. Mester Jerome H. Powell Eric Rosengren Daniel K. Tarullo Charles L. Evans, Patrick Harker, Robert S. Kaplan, Neel Kashkari, and Michael Strine, Alternate Members of the Federal Open Market Committee Jeffrey ... (full story)

  • #1
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  • Aug 17, 2016 2:05pm Aug 17, 2016 2:05pm
sell everything
  • #2
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  • Aug 17, 2016 2:05pm Aug 17, 2016 2:05pm
going long GBPUSD
  • #3
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  • Aug 17, 2016 2:06pm Aug 17, 2016 2:06pm
lol.....
  • #4
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  • Aug 17, 2016 2:07pm Aug 17, 2016 2:07pm
all the way NORTH GBPUSD
average dude treading water
  • #5
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  • Aug 17, 2016 2:08pm Aug 17, 2016 2:08pm
cable going north........me likey
  • #6
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  • Aug 17, 2016 2:09pm Aug 17, 2016 2:09pm
Which means, stop day dreaming for us to tate hikes on September with such dramatic job data... Dudley is just an actor for us. LoL
  • #7
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  • Aug 17, 2016 2:13pm Aug 17, 2016 2:13pm
So all this for a maybe rate hike, no wonder the markets are confused, so is the dollar
  • #8
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  • Aug 17, 2016 2:15pm Aug 17, 2016 2:15pm
Equity is going the other way, now the opportunity of money to grab are there for someone who understand. It is confusing, but in fact to me equities should be on dovish instead of hawkish.
  • #9
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  • Aug 17, 2016 2:18pm Aug 17, 2016 2:18pm
Let's play .....
Oooooooooopppppppppssssssss
  • #10
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  • Aug 17, 2016 2:23pm Aug 17, 2016 2:23pm
Quoting MIKKI
all the way NORTH GBPUSD
Cable doesn't have the strength for north. Gold is the best, I already commented last few days since 133x something that all money will flow in to gold this couple of weeks.
  • #11
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  • Aug 17, 2016 2:26pm Aug 17, 2016 2:26pm
summary?
Confused.

Means rate hike is likely but
  • #12
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  • Aug 17, 2016 2:28pm Aug 17, 2016 2:28pm
Quoting ChinaTraderz
Cable doesn't have the strength for north. Gold is the best, I already commented last few days since 133x something that all money will flow in to gold this couple of weeks.
gold stuck @ 1348... Will it break high?? it has been trying to break 1357-60 so many times and failed
  • #13
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  • Aug 17, 2016 2:31pm Aug 17, 2016 2:31pm
This is hawkish. Dollar is gonna get very strong.
Its all in the mind.
  • #14
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  • Aug 17, 2016 2:32pm Aug 17, 2016 2:32pm
It is laying a trap for all the Dollar bears. Buy Dollars!
Its all in the mind.
  • #15
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  • Aug 17, 2016 2:32pm Aug 17, 2016 2:32pm
  •  Trader#69D7
  • | Status: Unregistered Trader
agreed...cable is doing ok but the mid term channel is still capped at 133.5ish.
depends on ones trading style but I wouldn't buy it here unless you have deep pockets or trade in itty bitty amounts for bigger moves. It's all relative.
129.0 to 129.8 is the range I'd buy in.
the better trade was the ninja (G/J) as it broke out of the 130.30 handle.
Buy into minor support 130.30 down to 129.2...some nice fib levels there depending on your tf's
  • #16
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  • Aug 17, 2016 2:35pm Aug 17, 2016 2:35pm
Quoting 5abi
It is laying a trap for all the Dollar bears. Buy Dollars!
agree, i hold long on dollar
  • #17
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  • Aug 17, 2016 2:36pm Aug 17, 2016 2:36pm
Quoting 5abi
It is laying a trap for all the Dollar bears. Buy Dollars!
I agree with you but I thought you didn't believe in conspiracies
  • #18
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  • Aug 17, 2016 2:38pm Aug 17, 2016 2:38pm
why so hurry to go north at Cable? Pound would go nowhere with the weakness of Dollar. GBP needs its own strength first.
  • #19
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  • Aug 17, 2016 2:39pm Aug 17, 2016 2:39pm
  •  Trader#6BA9
  • | Status: Unregistered Trader
markets are confused alright. the big tell was cable running up. those fed members need to catch a wake up, they are getting paid for doing stuff all. world's no.1 country? more like world's no.1 joke.
  • #20
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  • Aug 17, 2016 2:41pm Aug 17, 2016 2:41pm
  •  Trader#CA18
  • | Status: Unregistered Trader
UJ guys, only UJ will go north ... look at that pair, it is the only one
not going down ...
  • #21
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  • Aug 17, 2016 2:42pm Aug 17, 2016 2:42pm
FOOLS on BOARD! lets long on dollar
  • #22
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  • Aug 17, 2016 2:42pm Aug 17, 2016 2:42pm
Quoting akupapua
gold stuck @ 1348... Will it break high?? it has been trying to break 1357-60 so many times and failed
I expect to see 1400 very soon.
  • #23
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  • Aug 17, 2016 2:42pm Aug 17, 2016 2:42pm
  •  Trader#259A
  • | Status: Unregistered Trader
Dumb algos can't get EUR right.
  • #24
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  • Aug 17, 2016 2:42pm Aug 17, 2016 2:42pm
ok yess stop sell and now start buy USD
  • #25
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  • Aug 17, 2016 2:44pm Aug 17, 2016 2:44pm
Quoting 5abi
This is hawkish. Dollar is gonna get very strong.
Forget about it. You know what weight on Dollar Index? Main 2 currencies Euro and Yen. Do you see any weakness on Yen and Euro now? If not, what makes you think it is a trap. All those so called Fed members are the real trap last few days for people to believe USD will have strength on minutes.
  • #26
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  • Aug 17, 2016 2:47pm Aug 17, 2016 2:47pm
Every country wants to see a weaker currency and US is no exception today. I am short biased on USD, but look for candle to place order
  • #27
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  • Aug 17, 2016 2:51pm Aug 17, 2016 2:51pm
Quoting Bd888
why so hurry to go north at Cable? Pound would go nowhere with the weakness of Dollar. GBP needs its own strength first.
Agreed. Don't trade a currencies because of opponent weakness, trade it because it does have its own strength. The most silly way to trade are looking for opponent weakness instead of own strength. Of course both is important, but own strength always comes first.
  • #28
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  • Aug 17, 2016 2:55pm Aug 17, 2016 2:55pm
Quoting PipMaxzz
Every country wants to see a weaker currency and US is no exception today. I am short biased on USD, but look for candle to place order
Indeed. You can see how BOJ headache now on Yen went crazy like beast.
  • #29
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  • Aug 17, 2016 2:59pm Aug 17, 2016 2:59pm
Hola! my old friend. I am just glad you did not forget me


Quoting alexpi
I agree with you but I thought you didn't believe in conspiracies
Its all in the mind.
  • #30
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  • Aug 17, 2016 3:02pm Aug 17, 2016 3:02pm
I just look at my charts and there is a shit load of resistance on EuroDollar and a frikkin nightmare selling USDJPY at 100. BOJ will come out and weaken Yen and USD JPY will fly 600 pips in 60 seconds.
My charts say sell Euro , Sell Yen.


Quoting ChinaTraderz
Forget about it. You know what weight on Dollar Index? Main 2 currencies Euro and Yen. Do you see any weakness on Yen and Euro now? If not, what makes you think it is a trap. All those so called Fed members are the real trap last few days for people to believe USD will have strength on minutes.
Its all in the mind.
  • #31
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  • Aug 17, 2016 3:05pm Aug 17, 2016 3:05pm
Quoting 5abi
I just look at my charts and there is a shit load of resistance on EuroDollar and a frikkin nightmare selling USDJPY at 100. BOJ will come out and weaken Yen and USD JPY will fly 600 pips in 60 seconds.
My charts say sell Euro , Sell Yen.
agree sell euro.
on gbp/jpy i see target 140, what do you think?
  • #32
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  • Aug 17, 2016 3:06pm Aug 17, 2016 3:06pm
Quoting 5abi
I just look at my charts and there is a shit load of resistance on EuroDollar and a frikkin nightmare selling USDJPY at 100. BOJ will come out and weaken Yen and USD JPY will fly 600 pips in 60 seconds.
My charts say sell Euro , Sell Yen.
Of course you have your own view. All I can do is wish you good luck. BOJ said to intervene since 110, 105, 100, maybe 95 and 90 tomorrow. I hope you can still believe what Kuroda said. If you believe what he said this morning, you already down another 100 pips.
  • #33
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  • Aug 17, 2016 3:07pm Aug 17, 2016 3:07pm
Strong downtrend on Pound Yen. I want to see 132-133 taken and a Higher high higher low on daily/H4 time frame before I buy. But it could go to 140, if that trend line is broken,

In general I am BULL on GBP crosses - GBP NZD, GBP CAD etc


Quoting Viron
agree sell euro.
on gbp/jpy i see target 140, what do you think?
Its all in the mind.
  • #34
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  • Aug 17, 2016 3:11pm Aug 17, 2016 3:11pm
I like your trading monitor set up. Its pretty cool.


Quoting ChinaTraderz
Of course you have your own view. All I can do is wish you good luck. BOJ said to intervene since 110, 105, 100, maybe 95 and 90 tomorrow. I hope you can still believe what Kuroda said. If you believe what he said this morning, you already down another 100 pips.
Its all in the mind.
  • #35
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  • Aug 17, 2016 3:14pm Aug 17, 2016 3:14pm
Quoting PipMaxzz
Every country wants to see a weaker currency and US is no exception today. I am short biased on USD, but look for candle to place order
Is that so you can see the light?
  • #36
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  • Aug 17, 2016 3:21pm Aug 17, 2016 3:21pm
Quoting 5abi
I like your trading monitor set up. Its pretty cool.
It is quite cool but not good for health and I advise better stay less in front of it if you setup as mine. It is actually in my office, more than 40 screens way round. This is just part of it for Bloomberg data capturing.
  • #37
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  • Aug 17, 2016 3:39pm Aug 17, 2016 3:39pm
  •  Trader#3FDC
  • | Status: Unregistered Trader
If Trump gives Clinton a decent challenge then USD/JPY will hit 90.00
  • #38
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  • Aug 17, 2016 4:01pm Aug 17, 2016 4:01pm
  •  Trader#CA18
  • | Status: Unregistered Trader
Quoting Guest
If Trump gives Clinton a decent challenge then USD/JPY will hit 90.00
Trump ??? much to early for Trump ...
  • #39
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  • Aug 17, 2016 4:04pm Aug 17, 2016 4:04pm
Quoting 5abi
Strong downtrend on Pound Yen. I want to see 132-133 taken and a Higher high higher low on daily/H4 time frame before I buy. But it could go to 140, if that trend line is broken,

In general I am BULL on GBP crosses - GBP NZD, GBP CAD etc
Quoting 5abi
I just look at my charts and there is a shit load of resistance on EuroDollar and a frikkin nightmare selling USDJPY at 100. BOJ will come out and weaken Yen and USD JPY will fly 600 pips in 60 seconds.
My charts say sell Euro , Sell Yen.

I am with you on these, short EUR/GBP and long USD/JPY since monday.
  • #40
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  • Aug 17, 2016 4:16pm Aug 17, 2016 4:16pm
Quoting Guest
If Trump gives Clinton a decent challenge then USD/JPY will hit 90.00
Nah! Trump can't do shit about it. He is trying to kill himself instead. LMAOL!
Happy trading!
  • #41
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  • Aug 17, 2016 4:28pm Aug 17, 2016 4:28pm
Quoting eozdural
I am with you on these, short EUR/GBP and long USD/JPY since monday.
Whats your TP and SL on EUR?GBP?
4&1 All Time Profit: $37,496
  • #42
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  • Aug 17, 2016 5:46pm Aug 17, 2016 5:46pm
Quoting MzansiObi
Whats your TP and SL on EUR?GBP?
SL .8770 TP .8486
  • #43
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  • Aug 17, 2016 6:51pm Aug 17, 2016 6:51pm
Quoting ChinaTraderz
I expect to see 1400 very soon.
im with you... buying 2 lots now... It hit my set loss at 1337 last nite during the fomc... lost quite a lot...
I'm hoping to see 1357-1360 today to get what I lost last nite....
  • #44
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  • Aug 17, 2016 8:58pm Aug 17, 2016 8:58pm
Hope e/u go up i'm need to sell 138,144 and 150 if possible and hold to tp 110,09x maybe 05 if rate hike
  • #45
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  • Aug 17, 2016 10:59pm Aug 17, 2016 10:59pm
Quoting akupapua
gold stuck @ 1348... Will it break high?? it has been trying to break 1357-60 so many times and failed
Nice slowly edges higher and higher. I guess you will see 1370 as soon as this week for another higher high.
  • #46
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  • Aug 18, 2016 2:26am Aug 18, 2016 2:26am
Quoting ChinaTraderz
Nice slowly edges higher and higher. I guess you will see 1370 as soon as this week for another higher high.
so it wont be today?
shud I take my profit now? so upset at 1356, why didnt I collect my win...

later today we r gonna have another two datas, Philly Fed Manufacturing Index and Unemployment....
if both shows positive result, I dont think we r gonna see 1370-1400s very soon...
  • #47
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  • Aug 18, 2016 5:51am Aug 18, 2016 5:51am
Quoting MzansiObi
Whats your TP and SL on EUR?GBP?
SL - my entry is at 0.87, I don't have a set stop loss at the moment, if price goes against me I will decide based on what is happening then. Most likely I will get out before the down move is exhausted.

TP - no lower than 0.85, there may be a big bounce at 0.85
  • #48
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  • Aug 18, 2016 7:20am Aug 18, 2016 7:20am
just finished reading all comments and its interesting to see..most of the people got it wrong on going long USD. very interesting )
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