FOMC Statement

FOMC Statement

From federalreserve.gov

Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year. Although the unemployment rate is little changed in recent months, job gains have been solid. Household spending has been rising moderately but business fixed investment has remained soft. Inflation has increased somewhat since earlier this year but is still below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of ... (full story)

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Nov 2, 2016 2:08pm

Quoting yuddy

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Why good to sell EU when an election is at the corner?

Ignored

So what do you say?

Stop trading until USA, then German, Italian election summer 2017???

If it's about the Trump - nobody knows.

Abouelzelouf

Nov 2, 2016 11:17am

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Quoting Ghassforex

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8/2 vote before it was 7/3 next month 10/10 maybe ,,,,

Ignored

Yes that is why the market is a bit confused, 7/3 verses 8/2 is pushing it down and the good expectation for Dec is pushing it up

Abouelzelouf

Nov 2, 2016 11:51am

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Quoting Ghassforex

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Correct Dude ))) Me I go already short EUR/USD 1.1117 if tomorrow will bounce up more to 1.1140 i will go short again.GBP/USD the same tomorrow we could see bounce up ( Rate BOE unchanged) good idea to sell.Good Luck

Ignored

This mean you shorted before the news :-) good luck this is a good entry.

Ghassforex

Nov 2, 2016 11:37am

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Quoting Abouelzelouf

Disliked

Yes that is why the market is a bit confused, 7/3 verses 8/2 is pushing it down and the good expectation for Dec is pushing it up

Ignored

Correct Dude ))) Me I go already short EUR/USD 1.1117 if tomorrow will bounce up more to 1.1140 i will go short again.GBP/USD the same tomorrow we could see bounce up ( Rate BOE unchanged) good idea to sell.Good Luck

Ghassforex

Nov 2, 2016 12:34pm

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Quoting nairate

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There's nothing here that screams "December" and the market may see that as a sign to scale back expectations.

Ignored

If Trump win 1rst of 1rst he will send Yellen home or she will resign and go home then no need for that" bla bla bla" (we need further data) new FED monetary policy .

Not-KPMG

Nov 2, 2016 11:08am

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Bit positive. I'd wait and sell EU

smash1820

Nov 2, 2016 11:10am

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Feds need to get rid of their stupid dual mandate. It makes no sense.

nairate

Nov 2, 2016 12:27pm

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What FED meant today was:
Clinton win, they get their rate hike finally.
but,
If Trump gets elected......
"then we are sorry, we need further data, bla..bla..bla.." ))