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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)

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  • Comment #1
  • Quote
  • Apr 5, 2017 2:04pm Apr 5, 2017 2:04pm
  •  Crucifix
  • | Joined Jul 2012 | Status: Fx Trader | 123 Comments
Now any kind of USD related news mean ... USD down
Oooooooooopppppppppssssssss
 
 
  • Comment #2
  • Quote
  • Apr 5, 2017 2:06pm Apr 5, 2017 2:06pm
  •  ikouki
  • | Joined Oct 2016 | Status: Member | 108 Comments
USD Hawkish? Expect positive NFP this friday as ADP is up.
Trading is not for everyone.
 
 
  • Comment #3
  • Quote
  • Apr 5, 2017 2:06pm Apr 5, 2017 2:06pm
  •  rafat habeb
  • Joined Nov 2008 | Status: Swinging 2022 and scalping | 403 Comments
usd bulling back
Let me fill my acount wallet then will take Ur advice
 
 
  • Comment #4
  • Quote
  • Apr 5, 2017 2:09pm Apr 5, 2017 2:09pm
  •  ashimkhan
  • | Joined Jan 2013 | Status: Member | 264 Comments
usd down soon
 
 
  • Comment #5
  • Quote
  • Apr 5, 2017 2:10pm Apr 5, 2017 2:10pm
  •  johNal
  • | Joined Mar 2012 | Status: Member | 32 Comments
looks like traders are unsure how to interpret this statement, if price action is anything to go by
 
1
  • Comment #6
  • Quote
  • Apr 5, 2017 2:13pm Apr 5, 2017 2:13pm
  •  Shiv999
  • | Joined Jan 2015 | Status: TIME is the ONLY Decisive Factor | 30 Comments
Time to Short USD for now.
Losers Hope, Winners Believe
 
2
  • Comment #7
  • Quote
  • Apr 5, 2017 2:16pm Apr 5, 2017 2:16pm
  •  HeartOfSteel
  • | Joined Mar 2017 | Status: Member | 1 Comment
yep... scalped few green pips already... but price swings in both directions
 
 
  • Comment #8
  • Quote
  • Apr 5, 2017 2:17pm Apr 5, 2017 2:17pm
  •  polonoon
  • | Joined Oct 2012 | Status: Member | 22 Comments
Quoting Shiv999
Disliked
Time to Short USD for now.
Ignored
how you read it that USD DOWN ?
 
 
  • Comment #9
  • Quote
  • Apr 5, 2017 2:18pm Apr 5, 2017 2:18pm
  •  RazorFish
  • | Additional Username | Joined Apr 2017 | 35 Comments
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
 
2
  • Comment #10
  • Quote
  • Apr 5, 2017 2:21pm Apr 5, 2017 2:21pm
  •  derekw
  • Joined Mar 2013 | Status: Member | 38 Comments
Up. Next week.
 
 
  • Comment #11
  • Quote
  • Apr 5, 2017 2:23pm Apr 5, 2017 2:23pm
  •  CarsonKT
  • | Joined Mar 2015 | Status: Member | 1 Comment
Quoting johNal
Disliked
looks like traders are unsure how to interpret this statement, if price action is anything to go by
Ignored
agree, long wick on both side of the bar
 
 
  • Comment #12
  • Quote
  • Apr 5, 2017 2:27pm Apr 5, 2017 2:27pm
  •  Shiv999
  • | Joined Jan 2015 | Status: TIME is the ONLY Decisive Factor | 30 Comments
Quoting polonoon
Disliked
{quote} how you read it that USD DOWN ?
Ignored
"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.
Losers Hope, Winners Believe
 
 
  • Comment #13
  • Quote
  • Apr 5, 2017 2:28pm Apr 5, 2017 2:28pm
  •  RazorFish
  • | Additional Username | Joined Apr 2017 | 35 Comments
Quoting Shiv999
Disliked
{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.
Ignored
This sounds like the Fed is backing down from this years 3 hikes , there won't be one ☝️ single more hike this year
 
 
  • Comment #14
  • Quote
  • Apr 5, 2017 2:30pm Apr 5, 2017 2:30pm
  •  ashimkhan
  • | Joined Jan 2013 | Status: Member | 264 Comments
today not say rate hike so usd down
 
 
  • Comment #15
  • Quote
  • Apr 5, 2017 2:32pm Apr 5, 2017 2:32pm
  •  Shiv999
  • | Joined Jan 2015 | Status: TIME is the ONLY Decisive Factor | 30 Comments
Quoting RazorFish
Disliked
{quote} This sounds like the Fed is backing down from this years 3 hikes , there won't be one ☝️ single more hike this year
Ignored
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.
Losers Hope, Winners Believe
 
 
  • Comment #16
  • Quote
  • Apr 5, 2017 2:33pm Apr 5, 2017 2:33pm
  •  RazorFish
  • | Additional Username | Joined Apr 2017 | 35 Comments
Well, I can live with that .... you got it ...Ciao USD
 
 
  • Comment #17
  • Quote
  • Apr 5, 2017 2:33pm Apr 5, 2017 2:33pm
  •  Tom81
  • Joined Apr 2009 | Status: Member | 111 Comments
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.
 
 
  • Comment #18
  • Quote
  • Apr 5, 2017 2:42pm Apr 5, 2017 2:42pm
  •  Tom81
  • Joined Apr 2009 | Status: Member | 111 Comments
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...
 
1
  • Comment #19
  • Quote
  • Apr 5, 2017 2:42pm Apr 5, 2017 2:42pm
  •  Kalamegdan
  • | Membership Revoked | Joined Mar 2017 | 43 Comments
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
 
 
  • Comment #20
  • Quote
  • Apr 5, 2017 2:49pm Apr 5, 2017 2:49pm
  •  Tom81
  • Joined Apr 2009 | Status: Member | 111 Comments
Quoting Kalamegdan
Disliked
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
Ignored
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.
 
 
  • Comment #21
  • Quote
  • Apr 5, 2017 2:55pm Apr 5, 2017 2:55pm
  •  glenngie
  • | Joined Nov 2009 | Status: Member | 1308 Comments
Quoting Crucifix
Disliked
Now any kind of USD related news mean ... USD down
Ignored
Except on an interest hike (I got burned)....life is upside down
 
 
  • Comment #22
  • Quote
  • Apr 5, 2017 3:08pm Apr 5, 2017 3:08pm
  •  Guest
  • | IP XX.XXX.147.194
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.
 
 
  • Comment #23
  • Quote
  • Apr 5, 2017 3:10pm Apr 5, 2017 3:10pm
  •  fdihlizm
  • | Commercial Member | Joined Apr 2015 | 80 Comments
Opo2 an ikii
 
 
  • Comment #24
  • Quote
  • Apr 5, 2017 3:43pm Apr 5, 2017 3:43pm
  •  Bakker
  • Joined Jun 2011 | Status: Member | 2765 Comments
Trump wants a weaker $, I think its on the cards.
 
 
  • Comment #25
  • Quote
  • Apr 5, 2017 4:42pm Apr 5, 2017 4:42pm
  •  capsmart
  • | Joined Aug 2005 | Status: Member | 31 Comments
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.
 
 
  • Comment #26
  • Quote
  • Apr 5, 2017 10:49pm Apr 5, 2017 10:49pm
  •  Guest
  • | 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?
 
 
  • Comment #27
  • Quote
  • Apr 5, 2017 11:24pm Apr 5, 2017 11:24pm
  •  sunny1304
  • | Joined Mar 2016 | Status: Member | 15 Comments
Quoting g_b738560e
Disliked
went long on usd prior to rate hike in March at 114.51. kept trade until now. any suggestions on what to do?
Ignored
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.
 
 
  • New Comment
  •  Guest
  • | IP X.XX.74.25
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  • Story Stats
  • Posted: Apr 5, 2017 2:01pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 27  /  Views: 15,908
  • Linked event:
    USD FOMC Meeting Minutes
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