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  • FOMC Minutes Suggest Balance Sheet May Begin Shrinking This Year

    From marctomarket.com

    The FOMC minutes were clear that officials are contemplating beginning address the balance sheet, which is another sign of confidence in the normalization process. However, beyond that very little else is clear. There does not appear to be much agreement yet on the pace or the scope of the adjustment. There are roughly $425 bln of US Treasuries that are maturing next year. The Fed also own Mortgage Backed Securities (MBS). Over the past 12 months, the Fed has reinvestment about $350 bln of maturing MBS securities. Officials have indicated a preference to return to an all-Treasury balance sheet in the long-term, but ... (full story)

When the chatter of economists is murky, and they don't really know what's happening, look at the charts. The market doesn't know much either and settled back almost to the pip after an initial small move. That's what the economists and gurus are telling us.

These guys get paid for this.
The hike is coming and they don't want the dollar to strong before that happen, so expect the eur usd bouncing between the next support resistance levels till then.
perhaps when they start adjusting, that will be the beginning of the dow going down?
Oh, is going down, i won't be surprised if we see it 1 to 1 this year, me i won't buy that pair at all, just be patient and wait for the price to retrace to resistance levels and sell strong.
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