FOMC Statement | Forex Factory

  • FOMC Statement

    From federalreserve.gov Story is in PDF Format

    Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate stayed near its recent low. Household spending has continued to rise moderately while business fixed investment has remained soft. Measures of consumer and business sentiment have improved of late. Inflation increased in recent quarters but is still below the Committee’s 2 percent longer-run objective. Market-based measures of inflation compensation remain low; ... (full story)

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Davit
Feb 1, 2017 1:42pm
Permalink
Quoting xjames26
The purpose of this funny Trumpie game is to detoriate markets. This is the final year of one way ride. He is going to do everything he can to get rivals of his friends broke in order for them to buy cheap their assets. That is the pure Capitalism which has disappear within last decade from the world economy.
This includes for ordinary people to be seen as a great politician...who's stands for his words..
one of the typical idiotic posts that baffles logic and reasoning
Reply
Expo33
Feb 1, 2017 1:28pm
Permalink
Quoting yuddy
But if the mkt thinks so, you join them. What we think don't matter, it's what the mkt think and acts we use.
The smart money that drives the market likely doesn't think so either. That was my point.

Just an opportunity for smart money to flush out the shorts before filling their long orders
Reply
Ghassforex
Feb 1, 2017 2:27pm
Permalink
Quoting zahirul
I will sell eur/usd from 1.0820 sl 1.0920 tp 1.0600.
Not bad Idea but you can sell from now and If price bit 1.0820 sell again before gap down because tomorrow Draghi tone could be dovish for EURO ....Good Luck
Reply
AiWoZhongHua
Feb 1, 2017 1:51pm
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Quoting kenleander
{quote} No, banks make more money from higher rates and the Fed can sell off some of it's 4.5 trillion in acquired debt. But hiking (raising) rates won't help the US economy. We can't even use more that 75% of present capacity. The Fed can pretend the US economy is just fine. But it would be a lie to say so.
Banks prefer cheap money. They make much more money with lower rates
And the service of debt will be more costly with higher rates.
Reply
kenleander
Feb 1, 2017 1:20pm
Permalink
Quoting Expo33
Yada yada blah blah, same old song. Likely one rate hike for 2017.

Anyone who thinks there will be 2 or 3 rate hikes this year is nuts
The US capacity utilization rate has been sinking for the last 18 months. The only reason for hiking rates is to lighten Fed debt and keep the banks happy.
Reply
kenleander
Feb 1, 2017 1:28pm
Permalink
Quoting AiWoZhongHua
You mean letting the rates unchanged, right?
No, banks make more money from higher rates and the Fed can sell off some of it's 4.5 trillion in acquired debt. But hiking (raising) rates won't help the US economy. We can't even use more that 75% of present capacity.

The Fed can pretend the US economy is just fine. But it would be a lie to say so.
Reply
ikouki
Feb 2, 2017 1:32am
Permalink
If you shorted the dollar since the FOMC release you would have gained some decent pips right now.
The dollar short will retrace back today or range until NFP (expect positive NFP) tomorrow before continuing the downtrend trend against the majors and gold. Since the hope of rate hike has gotten cloudy and because of Trump uncertainty, I'm predicting the dollar price level will get back to how it was before the Trump dollar rally.

Attached Image (click to enlarge)
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yuddy
Feb 1, 2017 1:17pm
Permalink
Quoting Expo33
Yada yada blah blah, same old song. Likely one rate hike for 2017.

Anyone who thinks there will be 2 or 3 rate hikes this year is nuts
But if the mkt thinks so, you join them. What we think don't matter, it's what the mkt think and acts we use.
Reply
Expo33
Feb 1, 2017 1:04pm
Permalink
Yada yada blah blah, same old song. Likely one rate hike for 2017.

Anyone who thinks there will be 2 or 3 rate hikes this year is nuts
Reply
lioslim
Feb 1, 2017 1:19pm
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may be a stronger dollar until the first hike( even its only one)
Reply
Dr.Zain
Feb 1, 2017 8:26pm
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Quoting zahirul
I will sell eur/usd from 1.0820 sl 1.0920 tp 1.0600.
Go ahead Sir!!!!!!!!!
Reply
Forexia
Feb 2, 2017 12:13am
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Is it just me or did anyone else notice that they got rid of everybody who vote against the policy?
Reply
Diverge
Feb 1, 2017 3:58pm
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Buy usd... Anyone who catches this rally will double their account...
Depending upon risk and other factors in one's own trading of course..
Reply
Ghassforex
Feb 1, 2017 2:24pm
Permalink
Quoting yuddy
{quote} But if the mkt thinks so, you join them. What we think don't matter, it's what the mkt think and acts we use.
Agree...
Reply
fxx360
Feb 1, 2017 2:30pm
Permalink
Quoting Expo33
Yada yada blah blah, same old song. Likely one rate hike for 2017. Anyone who thinks there will be 2 or 3 rate hikes this year is nuts

you're the nuts
Reply
AiWoZhongHua
Feb 1, 2017 1:21pm
Permalink
Quoting kenleander
The only reason for hiking rates is to lighten Fed debt and keep the banks happy.
You mean letting the rates unchanged, right?
Reply
TnTtrading
Feb 1, 2017 1:07pm
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Quoting ikouki
Short USD.
why short?
Reply
ikouki
Feb 1, 2017 1:05pm
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Short USD.
Reply
matobe88
Feb 1, 2017 2:10pm
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all the sudden movement just a stop loss hunting and to filled the bank order ...... my prediction the usd will be stronger and need to go up 105.00 area for the dollar index weekly level to complete the wave 5 leg ..... but if it fail then the 98.00 will be the end of wave 1 down for daily chart ....... then it will be a long 1 month correction wave ....... but if it goes up it will take 4 to 8 weeks to complete ..... it not easy to trade at this moment .....
Reply
zahirul
Feb 1, 2017 1:28pm
Permalink
I will sell eur/usd from 1.0820 sl 1.0920 tp 1.0600.
Reply
xjames26
Feb 1, 2017 1:28pm
Permalink
The purpose of this funny Trumpie game is to detoriate markets. This is the final year of one way ride. He is going to do everything he can to get rivals of his friends broke in order for them to buy cheap their assets. That is the pure Capitalism which has disappear within last decade from the world economy.
This includes for ordinary people to be seen as a great politician...who's stands for his words..
Reply
jurek
Feb 1, 2017 1:26pm
Permalink
As always 50% buy and 50% sell.
Reply
sunny1304
Feb 2, 2017 12:48am
Permalink
Quoting zahirul
I will sell eur/usd from 1.0820 sl 1.0920 tp 1.0600.
if you do so, your sl will hit.
Reply
Noober
Feb 1, 2017 1:06pm
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Kinda Dovish. Trump is the heavy hand that rules the roost.
Reply
hassan561
Feb 1, 2017 1:11pm
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I think the dollar will be stronger with this.
Reply
suthmo
Feb 1, 2017 4:24pm
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Zero impact on P.A as usual = P
Reply

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