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  • Minutes of the Federal Open Market Committee

    From federalreserve.gov

    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, March 14, 2017, at 10:00 a.m. and continued on Wednesday, March 15, 2017, at 9:00 a.m.1 PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Patrick Harker Robert S. Kaplan Neel Kashkari Jerome H. Powell Daniel K. Tarullo Marie Gooding, Jeffrey M. Lacker, Loretta J. Mester, and John C. Williams, Alternate Members of the Federal Open Market Committee James Bullard, ... (full story)

Added at 2:03pm

  • Fed Favors Plan to Start Shrinking Balance Sheet Later in 2017

    From bloomberg.com

    Most Federal Reserve officials said they backed a policy change that would begin shrinking the central bank’s $4.5 trillion balance sheet later this year, as they reiterated their outlook for gradual interest-rate increases. “Most participants anticipated that gradual increases in the federal funds rate would continue and judged that a change to the committee’s reinvestment policy would likely be appropriate later this year,” according to minutes of the Federal Open Market Committee’s March 14-15 meeting released Wednesday in Washington. “Many participants emphasized that reducing the size of the balance ... (full story)

Now any kind of USD related news mean ... USD down
USD Hawkish? Expect positive NFP this friday as ADP is up.
usd bulling back
usd down soon
looks like traders are unsure how to interpret this statement, if price action is anything to go by
Time to Short USD for now.
yep... scalped few green pips already... but price swings in both directions
Quoting Shiv999
Time to Short USD for now.
how you read it that USD DOWN ?
This report is a total disaster for USD , the US economy is not doing well at all , As Dimon said, there is something wrong with the US Economy. It's saying that the fed is not happy with small improvements in the labor markets recently and low inflationary environment ,,,, wow that's really bad
Up. Next week.
Quoting johNal
looks like traders are unsure how to interpret this statement, if price action is anything to go by
agree, long wick on both side of the bar
Quoting polonoon
{quote} how you read it that USD DOWN ?
"The Committee expects that economic conditions will evolve in a manner that will warrant 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..."

P.S: I am a scalper and was referring to quick pips, which I fetched. No trade for now.
Quoting Shiv999
{quote} "The Committee expects that economic conditions will evolve in a manner that will warrant 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..." P.S: I am a scalper and was referring to quick pips, which I fetched. No trade for now.
This sounds like the Fed is backing down from this years 3 hikes , there won't be one ☝️ single more hike this year
today not say rate hike so usd down
Quoting RazorFish
{quote} This sounds like the Fed is backing down from this years 3 hikes , there won't be one ☝️ single more hike this year
Well I would anticipate 1 more hike, in September 2017. Honestly speaking, USD is vulnerable to way more things that just rate decision.

If you been trading for few years then you know how it works.
Well, I can live with that .... you got it ...Ciao USD
Nothing special... maybe only ..."judged that a change to the Committee's reinvestment policy would likely be appropriate later this year." That's sooner than 2018, as previously expected by major players, but only gradual tapering, so no quick surprises to markets by FED.
Going from $4.5 trillion to 1.5 or so FEDs' balance sheet is gonna take them long years if not decades. How will they react if global financial crisis 2.0 hits during that period? S&P500 is ready for large compression, China debt is troubling, student loans are hitting dangerous levels and we are 7 years away from previous recession so new one should be just around a corner. Interesting times we live in...
Obviously the market makers do not want the euro to collapse, even after super ADP number eurusd planted similar support zone price and again up just like it did now after FOMC. As if good news for usd are all priced in while market waiting for any bad news to weaken usd.
Will not be surprised that this short range stays even after a good NFP
Quoting Kalamegdan
Obviously the market makers do not want the euro to collapse, even after super ADP number eurusd planted similar support zone price and again up just like it did now after FOMC. As if good news for usd are all priced in while market waiting for any bad news to weaken usd. Will not be surprised that this short range stays even after a good NFP
Trade what you see, not what you read/hear. You can't know for sure how much rate hike expectations and tapering is already incalculated in price action, no one does. Btw. minutes were nothing special, no more bullish than expected.
Quoting Crucifix
Now any kind of USD related news mean ... USD down
Except on an interest hike (I got burned)....life is upside down
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Yes to all, any of you may be right, but they are not leaking information to us in advance, they do, as we found out when lacked resigned, and wasn't just him, he was responding to a call from someone that already had information form the fed lol. Damn, if we could just get ahead of the game by having a lose talking ally in the fed lol.
Opo2 an ikii
Trump wants a weaker $, I think its on the cards.
The Eur/Usd is exactly where it started the day with a daily range of 55 pips, slightly lower than the 66 5 day average. In my opinion the market did not get affected by the ADP or the FOMC.
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  • | IP XXX.XX.112.69
went long on usd prior to rate hike in March at 114.51. kept trade until now. any suggestions on what to do?
Quoting g_b738560e
went long on usd prior to rate hike in March at 114.51. kept trade until now. any suggestions on what to do?
dont close that now, you will be at least break even if you wait few more days, DXY is in 5th wave so jpy has to move up more.
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