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  • Minutes of the Federal Open Market Committee

    From federalreserve.gov

    The staff provided a briefing that summarized its analysis of the extent to which some of the Committee's monetary policy tools could provide adequate policy accommodation if, in future economic downturns, the policy rate were again to become constrained by the effective lower bound (ELB).5 The staff examined simulations from the staff's FRB/US model and various other economic models to assess the likelihood of the policy rate returning to the ELB and to evaluate how much additional policy accommodation could be delivered by the current toolkit. This toolkit included threshold-based forward-guidance policies, in ... (full story)

Added at 2:04pm

  • Fed officials worry that the trade war poses the biggest threat to 'strong' economy

    From cnbc.com

    Federal Reserve officials see ongoing global trade tensions as the biggest threat to otherwise strong U.S. economic growth, according to an account of the central bank's most recent meeting. Minutes from the July 31-Aug. 1 Federal Open Market Committee gathering indicated that members remain fairly confident that the "strong" economic growth of late will continue at least over the near term. Officials said it would "likely soon be appropriate to take another step in removing policy accommodation," an indicator for a looming rate hike that is widely expected by markets. However, they indicated that tariffs, imposed on ... (full story)

in a summary?
Oh look, the US$ has weakened....
Carbon-Dioxide: the gas of life!
very unexpected ... so badly usd
All my analysis is based on Wyckoff Methods
GBP and EUR will go up... am i rt?
all back to technical, if it can not hold the break eur 1.16, it will retracement
Quoting hesron
very unexpected ... so badly usd
so maybe for those bankers it was expected and thats why usd fell so much, but just for us it was unexpected because we did not know something?
usd weak but why Nasdaq and S&P500 stronger?
Quoting gcaleb
GBP and EUR will go up... am i rt?
tranquillo
4&1 All Time Profit: $37,329
Events like this used to move the market hundreds of pips, now they have totally no effect
Relax. It is still early to conclude the situation. Let see what will the market do. Looks like it is already price in😉
Quoting johNal
Events like this used to move the market hundreds of pips, now they have totally no effect
yeaah... tha'ts why i doubt it will hold up break eurousd above 1.16
Quoting Pipmasterfx
Relax. It is still early to conclude the situation. Let see what will the market do. Looks like it is already price in😉
how it could price in when it did not know? Most of the news was - dont listen Trump, fed will hike rates, but market was listening to trump.
no weak us dollar at all as long as trump on control
I see no change.
People should relax.
market is a device for transferring money from the impatient to the patient
Quoting johNal
Events like this used to move the market hundreds of pips, now they have totally no effect
I think is slowly reverse for USD
I mean USD is getting bullish, the first reaction, was a jerk reaction
Big shake out watch and see EURUSD will continue rise
Quoting SPeedFANat1c
{quote} how it could price in when it did not know? Most of the news was - dont listen Trump, fed will hike rates, but market was listening to trump.
Who didnt know, the retailer like us?...The big guy and market maker? They already know where to go. This is their game of play.
I was wrong I bailed out sorry folks for anyone that followed
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rate hike = stronger dollar and stock market
Quoting livetotrade
I was wrong I bailed out sorry folks for anyone that followed

you don't think its too soon to tell if you were wrong? it's barely moved more than 20pips in either direction.
Quoting Pipmasterfx
{quote} Who didnt know, the retailer like us?...The big guy and market maker? They already know where to go. This is their game of play.
yea, I really was checking yesterday retail people positions - on ff, myfxbook and dailyfx there were more shorts but price was rising of eurusd. So who is rising price if most are short. THat means - institutions who are not registered in those myfxbook, ff, and dailyfx probably.

BUt it might not be the end of dollar rally. I saw few sentences about positive economy and there is forming hourly bearish pinbar on eurusd. So maybe it still a big short time now. Continueing to read
Quoting johNal
Events like this used to move the market hundreds of pips, now they have totally no effect
Few years ago, yes nfp and fomc will move the market hundreds. Nowadays? Twitter move the market, lol😆
Quoting johNal
Events like this used to move the market hundreds of pips, now they have totally no effect
Cos we dont have Greenspan any more... I miss that guy. 500-1000 pip moves in minutes lol
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting Pipmasterfx
{quote} Few years ago, yes nfp and fomc will move the market hundreds. Nowadays? Twitter move the market, lol😆
not a few years, over a decade, benake was a dick
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting SPeedFANat1c
{quote} yea, I really was checking yesterday retail people positions - on ff, myfxbook and dailyfx there were more shorts but price was rising of eurusd. So who is rising price if most are short. THat means - institutions who are not registered in those myfxbook, ff, and dailyfx probably. BUt it might not be the end of dollar rally. I saw few sentences about positive economy and there is forming hourly bearish pinbar on eurusd. So maybe it still a big short time now. Continueing to read
That's the reality of forex market mate. What u need to do to survive in thid forex market is think like them so that u can play like them. So now u know what drove the eurusd upmove couple days ago. The question is, what they want to do next?? Good luck and happy trading mate!
Quoting Koop
{quote} you don't think its too soon to tell if you were wrong? it's barely moved more than 20pips in either direction.
Koop I made the mistake of even saying anything the first time. I don’t make calls because a person can always be wrong, even the pros. I don’t know if I am or am not but it’s better to keep my opinions like that to myself. People have enough trouble in here trading the way it is.
Happy Trading Everyone!
Quoting livetotrade
{quote} Koop I made the mistake of even saying anything the first time. I don’t make calls because a person can always be wrong, even the pros. I don’t know if I am or am not but it’s better to keep my opinions like that to myself. People have enough trouble in here trading the way it is. Happy Trading Everyone!
Lol That's understandable, totally agree.
Quoting johNal
Events like this used to move the market hundreds of pips, now they have totally no effect
Summer, MMs still on vacation!
Quoting Manudatinh
{quote} Summer, MMs still on vacation!
LOL they're NEVER on vacation
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting FXCyborg
{quote} not a few years, over a decade, benake was a dick
Yes you are right! Miss the old day of nfp and fomc. I'm sure most of the trader that time will go "casino mode" when the time of nfp release, lol😅
Quoting Pipmasterfx
{quote} That's the reality of forex market mate. What u need to do to survive in thid forex market is think like them so that u can play like them. So now u know what drove the eurusd upmove couple days ago. The question is, what they want to do next?? Good luck and happy trading mate!
Actually I did not understand even after reading the article from FOMC meeting because I do not understand what they want now to do here it writes that they signaled that rates will raise next month:

https://tradingeconomics.com/united-states/interest-rate "The Fed also signaled it will likely raise rates next month. "

So if the rates will be raised and if they know that before retail traders know that, then why they sell USD. Or they just manipulate the currency, but I heard that there can be jails for manipulating, its not a bitcoin.
But if they signal to raise rates, then it looks like its a short and get all the pips which Trump caused go to other direction.
Quoting livetotrade
{quote} Koop I made the mistake of even saying anything the first time. I don’t make calls because a person can always be wrong, even the pros. I don’t know if I am or am not but it’s better to keep my opinions like that to myself. People have enough trouble in here trading the way it is. Happy Trading Everyone!
If you are making profit from forex, then it is good for us that you say what you do. If there are mistakes, does not matter because it means there is less mistakes than good sentences. And nobody is right 100 % anyway. Ok my coach made on demo account like 90 % of profitable trades, so he is close to that
Quoting johNal
Events like this used to move the market hundreds of pips, now they have totally no effect
No, they didn't...its just minutes...no big deal, never was.
Everyone can see the chart, but only a few can actually read it.
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  • | IP XXX.XXX.61.30
Speedfanatic, I almost register today as a member of forex factory after being there for more than a decade. You remind me of me years back. There are good threads you can learn from.
Samsaon85 Is good and I can see omgtrader trying to put you right. Good luck
Quoting SPeedFANat1c
{quote} Actually I did not understand even after reading the article from FOMC meeting because I do not understand what they want now to do here it writes that they signaled that rates will raise next month: https://tradingeconomics.com/united-states/interest-rate "The Fed also signaled it will likely raise rates next month. " So if the rates will be raised and if they know that before retail traders know that, then why they sell USD. Or they just manipulate the currency, but I heard that there can be jails for manipulating, its not...
Hi. if the FED raise rates, there is a good reason to go LONG.. I think if we the the next hike we will get the dollar strength back. currently it is a little pause.. so why would you shorten the dollar?
Quoting livetotrade
{quote} Koop I made the mistake of even saying anything the first time. I don’t make calls because a person can always be wrong, even the pros. I don’t know if I am or am not but it’s better to keep my opinions like that to myself. People have enough trouble in here trading the way it is. Happy Trading Everyone!
haha, don't be too hard on yourself, your contribution is always appreciated and it is known that all contribution are opinion of the contributor. The market on days like these only requires that it is approach cautiously. for me i fon't trade on news or special speech day. Join the flow after the madness (in any)
TheCoach
Quoting Pipmasterfx
{quote} Yes you are right! Miss the old day of nfp and fomc. I'm sure most of the trader that time will go "casino mode" when the time of nfp release, lol😅
LOL! casino mode. i remember years back too that i tried trading breakout on those mega moves
TheCoach
fed cannot be interfere by trump... fed will do their plan... trump just correcting the usd before rate hike to make usd stable...
Quoting dowhowjoe
{quote} Hi. if the FED raise rates, there is a good reason to go LONG.. I think if we the the next hike we will get the dollar strength back. currently it is a little pause.. so why would you shorten the dollar?
I shorted eurusd. So longed dollar yesterday. Just small position because decided to see how the price reacts. Looks like eurusd stopped raising and fell this morniing. Now there are eur risk eventss - PPI news and ECB meeting. If that does not bring surprises I guess we should do big shorts eurusd, or big longs USD in general. I am thinkign of shorting gold to avoid euro influence, but I am not very familiar with it, might be corelating with eur.
still looking to buy usd in cheap price... friday is awaiting
USD: FOMC Minutes: No Change In Assessment; Fed Ready To Hike In September – SEB
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Hmmm.. Feds warning that the BIGGEST DANGER to keeping that economic Roll going is the tariff trade war the the US Administration is pursuing. Is anyone listening?
Quoting Guest
Hmmm.. Feds warning that the BIGGEST DANGER to keeping that economic Roll going is the tariff trade war the the US Administration is pursuing. Is anyone listening?
I heard in dailyfx that trade war can be bad for dollar when eurusd was above 1.15 probably and it still fell to
1.13 so I thought trade war is not so serious thing.
Fed Chair Powell’s speech at Jackson Hole is unlikely to provide immediate news to markets.
Quoting DavidProf
Fed Chair Powell’s speech at Jackson Hole is unlikely to provide immediate news to markets.
tonight @ 8 P.M. EST, the Fed’s annual Jackson Hole symposium will be released and well said, as the FMOC provided no clue that Powell will uncannily surprise the markets.
They wanna push you off the path with their frequency wires
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