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  • Powell: The Federal Reserve's Framework for Monitoring Financial Stability

    From federalreserve.gov

    It is a pleasure to be back at the Economic Club of New York. I will begin by briefly reviewing the outlook for the economy, and then turn to a discussion of financial stability. My main subject today will be the profound transformation since the Global Financial Crisis in the Federal Reserve's approach to monitoring and addressing financial stability. Today marks the publication of the Board of Governors' first Financial Stability Report. Earlier this month, we published our first Supervision and Regulation Report. Together, these reports contain a wealth of information on our approach to financial stability and to ... (full story)

wow !
Sucks to be a dollar bull at these levels. My condolences, guys.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,137.0%
Lets see what happens after the initial euforia, maybe EU go down I think
  •  Guest
  • | IP XX.XXX.115.117
"We see no major asset class, however, where valuations appear far in excess of standard benchmarks as some did, for example, in the late 1990s dot-com boom or the pre-crisis credit boom."
Good job!
figured, was selling USD
Let me fill my acount wallet then will take Ur advice
yeah.......i m confused
Very bad for usd
jump up for no reason
What a strong bull.
They crushed every resistance with no difficulty.
This will be game changer.
Well done.. Haha
i get that usd dropped.. but what happened to other currencies which didnt even involve usd :S all of my trades went haywire. some hit targets some hit stop loss?????
Wait the bulls of Cable will dump soon
Cable and Euro are BS
You cannot sell Cable and Euro much until they go overbought again. So a blessing
Sellof equities by the day.
Fed has to consider Trump
Love u man
  •  Guest
  • | IP XX.XXX.115.117
No pre-set policy path
Impact of hikes uncertain, may take a year or more to see
Gradual pace meant to balance risks of too fast or slow
Interest rates still low by historical standards
Gradual hikes balance risks to forecast
Great deal to like about US economic outlook
Expects solid US growth, low employment and near-target inflation
Paying 'very close attention' to data
Concerned about leveraged corporate borrowing, which could exacerbate economic downturn
No dangerous excesses in stock market
The US dollar is getting beaten up on the 'just below' comment and no preset path.

Full quote:

"While FOMC participants' projections are based on our best assessments of the outlook, there is no preset policy path. We will be paying very close attention to what incoming economic and financial data are telling us."

Other key line:

"We therefore began to raise our policy rate gradually toward levels that are more normal in a healthy economy. Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy‑‑that is, neither speeding up nor slowing down growth."

As you can see in the market, this is dovish. Definitely more dovish than I expected. His references to gradual hikes are generally in the past tense.

"Our gradual pace of raising interest rates has been an exercise in balancing risks."
"Our path of gradual increases has been designed to balance these two risks."
"We therefore began to raise our policy rate gradually toward levels that are more normal in a healthy economy."
"We also know that the economic effects of our gradual rate increases are uncertain, and may take a year or more to be fully realized."
Perhaps equally important is that he hardly mentions the gradual pace at all. Those are the only references.
It go pass out double of my TP (maybe my TP too tight LOL)
nice
closed two sell positions in profit, 2 more to go
Quoting Guest
No pre-set policy path Impact of hikes uncertain, may take a year or more to see Gradual pace meant to balance risks of too fast or slow Interest rates still low by historical standards Gradual hikes balance risks to forecast Great deal to like about US economic outlook Expects solid US growth, low employment and near-target inflation Paying 'very close attention' to data Concerned about leveraged corporate borrowing, which could exacerbate economic downturn No dangerous excesses in stock market The US dollar is getting beaten up on the 'just below'...
Thank you for this. Very much appreciated. Love the keynotes
Selling Cable NOW! 1.2808
...because you never know - until you do!
its not final........december will coming
Quoting Guest
No pre-set policy path Impact of hikes uncertain, may take a year or more to see Gradual pace meant to balance risks of too fast or slow Interest rates still low by historical standards Gradual hikes balance risks to forecast Great deal to like about US economic outlook Expects solid US growth, low employment and near-target inflation Paying 'very close attention' to data Concerned about leveraged corporate borrowing, which could exacerbate economic downturn No dangerous excesses in stock market The US dollar is getting beaten up on the 'just below'...
Nice synopsis Guest - I guess Powell IS being influenced by Trump; at least a little bit
...because you never know - until you do!
USD GREAT AGAIN
Quoting OnlineAddict
Sucks to be a dollar bull at these levels. My condolences, guys.
REALLY?

From the guy who said cable was going to 1.3500? I don't think so....
...because you never know - until you do!
Eur/Usd orders skipped at the whole penny, while orders below 1.1215 await filling. Lets see how well this knee-jerk pans out on the double slider.
  •  Guest
  • | IP XX.XXX.34.135
I'm sure housing will do a 180 and reach new highs now that people have been told that the economy is slowing. Mortgage loans backed by shares for the peeps...look for it.
Since yesterday, I didn't like USD. I like Yen
he is answering Trump in other form. It sounds nothing for me .... sure it is dovish but we will see in Dec... rate hikes again.
just short eu at higher price still making good profits, nothing can beat US economy. more strong dollar in future
Quoting Zaigi22
i get that usd dropped.. but what happened to other currencies which didnt even involve usd :S all of my trades went haywire. some hit targets some hit stop loss?????
All crosses are product of USD price in 2 majors
atheer1
  •  Guest
  • | IP XX.XXX.115.117
Nasdaq ripping....S&P 500 a bit slower behind.
I think it's very much dovish
Thanks Powell !
Don't wait for the wind, take to the oars.
Consider all the bad USD numbers this morning coupled with Powell’s speech and you should know which way to stay into tomorrow at least, if not the remainder of the week. Any bad numbers will be exaggerated in the trading.
Happy Trading!!
market reaction totally overdone, soon everything will be back to where we've started . . . usd down and eur up.
I just press sell and buy for high and lower price😂 green pip now
Training.
Quoting Zaigi22
i get that usd dropped.. but what happened to other currencies which didnt even involve usd :S all of my trades went haywire. some hit targets some hit stop loss?????
Zaigi depending on which currencies you are trading you can think of an example like AUD when China gets bad news it affects the AUD because they export products to China so when China is down Australia will go along with it. Hope that helps
The Fed is Wall Street's bitch.
"If The Fool persists in his Folly he will become wise." - William Blake
don't care powell.
i only care trump.
all hail trump.
"If you run, you'll only die tired." - Sniper's philosophy
  •  Guest
  • | IP XX.XXX.24.146
"We also know that the economic effects of our gradual rate increases are uncertain, and may take a year or more to be fully realized. While FOMC participants' projections are based on our best assessments of the outlook, there is no preset policy path. We will be paying very close attention to what incoming economic and financial data are telling us. As always, our decisions on monetary policy will be designed to keep the economy on track in light of the changing outlook for jobs and inflation." Step back, very clever Powell, no rush, no crush
Wow... that escalated quickly...

Starting to think it might reverse... on EURUSD, VWAP didn't budge much, and my brokers order book is still NET long.

Almost wonder if it's ripe to reverse..

EDIT: ate my words on that call...
But, why these sentences can be so good to AUD and NZD to be so bullish ?
Usd is struggling to maintain parity against the Chf, but tide is against the dollar.
Quoting fxsport
{quote} REALLY? From the guy who said cable was going to 1.3500? I don't think so....
You realize that a dollar bear = EU and GU bull, right?
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,137.0%
Quoting fxsport
{quote} REALLY? From the guy who said cable was going to 1.3500? I don't think so....
lol, what could you expect from a homer simpson other than his jokes? 😂😂
"If you run, you'll only die tired." - Sniper's philosophy
  •  Guest
  • | IP XX.XXX.34.135
Petro back down to pre-fed speech level. Meanwhile Europe is rioting over diesel shortages. Nothing to see there...
Quoting tomiko
{quote} lol, what could you expect from a homer simpson other than his jokes?
Are you trolls just some automated software? You can't even read properly.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,137.0%
Quoting Guest
No pre-set policy path Impact of hikes uncertain, may take a year or more to see Gradual pace meant to balance risks of too fast or slow Interest rates still low by historical standards Gradual hikes balance risks to forecast Great deal to like about US economic outlook Expects solid US growth, low employment and near-target inflation Paying 'very close attention' to data Concerned about leveraged corporate borrowing, which could exacerbate economic downturn No dangerous excesses in stock market The US dollar is getting beaten up on the 'just below'...
Excellent breakdown. Thanks! Very clever to note the past tense verbage...
i think usd made a major top.Both TRUMP and Powell co hammered it,but market still not aware of that.
Quoting Tengizhan
i think usd made a major top.Both TRUMP and Powell co hammered it,but market still not aware of that.
Retailers will start buying the USD now...and adding as it drops...and margin calling their accounts.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,137.0%
Quoting OnlineAddict
{quote} Are you trolls just some automated software? You can't even read properly.
trolls? seriously? rotfl 😄😄😂
don't you even read your own comment? condolences to whom? it's like everyone's having wrong position and you're the one who's right.

already forget your "long addiction" last month on cable? 😄😄

i know you mean shorting usd. shorting usd ain't wrong.
but when you're the one saying that, it does sounds like a joke.
can't blame fxsport feelin the same, lol.
"If you run, you'll only die tired." - Sniper's philosophy
Quoting swing77
USD GREAT AGAIN
Dec rate hike decision pending on depending on economic good data, we are recently saw more red USD data. Let's see the final call. Thanks
Quoting The Fool
The Fed is Wall Street's bitch.
that's nothing new. status quo
Quoting fxsport
Selling Cable NOW! 1.2808
GBPUSD to 1.3630
EURUSD to 1.2060
AUDUSD to 0.7620
USDCAD to 1.2830
USDCHF to 0.9630
GOLD to 1260
Brent Oil to 72.50

Be careful guys
Quoting CharlyNajjar
{quote} GBPUSD to 1.3630 EURUSD to 1.2060 AUDUSD to 0.7620 USDCAD to 1.2830 USDCHF to 0.9630 GOLD to 1260 Brent Oil to 72.50 Be careful guys
Let them short...somebody has to be on the other side.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,137.0%
  •  Guest
  • | IP XX.XX.188.37
Quoting CharlyNajjar
{quote} GBPUSD to 1.3630 EURUSD to 1.2060 AUDUSD to 0.7620 USDCAD to 1.2830 USDCHF to 0.9630 GOLD to 1260 Brent Oil to 72.50 Be careful guys
Not sure how all these usd pairs can short at the same time but have fun with that lol don't believe the hype
Quoting Bakker
market reaction totally overdone, soon everything will be back to where we've started . . . usd down and eur up.
WHAT?????

EUR/USD is in a DOWNTREND. Look at a DAILY CHART - just 6 months ago EUR/USD was 1.20 - today 1.1350
...because you never know - until you do!
Quoting OnlineAddict
{quote} You realize that a dollar bear = EU and GU bull, right?
Yup I realize that but please tell me WHY you are a dollar bear - especially since June?

Just wait until Italy becomes the latest anchor to drag the EURO lower.
...because you never know - until you do!
Quoting CharlyNajjar
{quote} GBPUSD to 1.3630 EURUSD to 1.2060 Be careful guys
What year will that happen 2020?
...because you never know - until you do!
Quoting Tengizhan
i think usd made a major top.Both TRUMP and Powell co hammered it,but market still not aware of that.
They sure did Jaw-bone that one...

What do you call a hawk in dove clothing?
Quoting fxsport
{quote} What year will that happen 2020?
Soon...the best indicator is the traders ... if above 70% buying USD it's mean sell for Mid Term....and from this news comments...seems 90% are buying USD...
its normal deep pullback of USD to monthly/weekly low...next few days continue gain again
Newbie trader but full of surprises
well that just destroyed my trend where bonds become attractive from higher rates and that pulls money out of the share market and so the great unwinding of QE was happening now this how long will they avoid the inevitable it charges interest the longer the worse it will be. Anyways lower interest rates will let oil go up in price which will then spur inflation and more rate rises so this is just delaying the inevitable all that money they printed to buy bonds is now looking at record high asset prices with high risk and low to no risk bonds with increasing returns the money that left bonds is homeward bound.
  •  Guest
  • | IP XX.XX.188.32
I went short dow a few minutes after this news, totally oblivious that this news had come out. and won the trade by adding to the short every time a new high was made for about an hour. Some may call it "scaling in" but most will call it "doubling down". When looked at the M15 chart afterwards it seemed impossible that I could have won. Never give up on a losing trade, lol.
  •  Guest
  • | IP XX.XXX.24.146
Quoting fxsport
{quote} WHAT????? EUR/USD is in a DOWNTREND. Look at a DAILY CHART - just 6 months ago EUR/USD was 1.20 - today 1.1350
That's why retail always lose money, he always looks only chart
Quoting fxsport
{quote} WHAT????? EUR/USD is in a DOWNTREND. Look at a DAILY CHART - just 6 months ago EUR/USD was 1.20 - today 1.1350
Look at the weekly chart of Usd/Chf, there's more than daily charts you know, even 5min charts and monthly charts. Ha!! ha!! Eur is already out of its downtrend and so is the Usd already out of its uptrend. But for you its probably too much to grip.
For those of you finding it difficult to interpret charts: the usd is for a 3rd consecutive WEEK in a DOWN trend. wake up, the sun is shining!!
Fed Chairman and Trump are on same page now?????
Quoting Dr.Zain
Fed Chairman and Trump are on same page now?????
NOPE! The Fed will raise in December and if the number today (Thursday) are better than expected USD will rocket.
...because you never know - until you do!
Quoting Bakker
{quote} Look at the weekly chart of Usd/Chf, there's more than daily charts you know, even 5min charts and monthly charts. Ha!! ha!! Eur is already out of its downtrend and so is the Usd already out of its uptrend. But for you its probably too much to grip.
Wow, so please explain price action (PA) today......

crickets....crickets....
...because you never know - until you do!
Quoting Bakker
For those of you finding it difficult to interpret charts: the usd is for a 3rd consecutive WEEK in a DOWN trend. wake up, the sun is shining!!
WHAT are YOU talking about?

I trade PAIRS, NOT a single currency. This is FOREX, not the USD future's contract. Just so we are clear Cable (GBP/USD) and it is in a DOWNTREND for the past 3 weeks. Chart for your viewing pleasure


Attached Image (click to enlarge)
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...because you never know - until you do!
Quoting Bakker
For those of you finding it difficult to interpret charts: the usd is for a 3rd consecutive WEEK in a DOWN trend. wake up, the sun is shining!!
Why don't you just transfer your account to mine and I'll give you a 20% rebate to purchase Christmas presents before you entire account gets wiped out ok?
...because you never know - until you do!
Quoting fxsport
{quote} Yup I realize that but please tell me WHY you are a dollar bear - especially since June? Just wait until Italy becomes the latest anchor to drag the EURO lower.
I don't care about fundamentals...I am holding trades from days up to weeks tops. USD chart turned bearish for me now, thats all that matters. When it bottoms and turns back bullish, I will be buying.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,137.0%
Quoting OnlineAddict
{quote} I don't care about fundamentals...I am holding trades from days up to weeks tops. USD chart turned bearish for me now, thats all that matters. When it bottoms and turns back bullish, I will be buying.
I know Homer, you've been long Cable when it was 1.30 and where is it now?
...because you never know - until you do!
Quoting fxsport
{quote} I know Homer, you've been long Cable when it was 1.30 and where is it now?
I have been long on cable tens of times in the past months...and all trades closed in profit. Or do you think I open a long and then go travel the world for a year and leave it to fate? I open and close. I will keep buying the dips on cable and close on spikes.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,137.0%
Quoting OnlineAddict
{quote} I have been long on cable tens of times in the past months...and all trades closed in profit. Or do you think I open a long and then go travel the world for a year and leave it to fate? I open and close. I will keep buying the dips on cable and close on spikes.
Interesting because awhile back you wrote that you were a long-term trader.

While you have been making money buying Cable dips I've been making $ selling Cable spikes

God Bless the Forex market.
...because you never know - until you do!
Quoting fxsport
{quote} Interesting because awhile back you wrote that you were a long-term trader. While you have been making money buying Cable dips I've been making $ selling Cable spikes God Bless the Forex market.
Well, weeks is more than long term to me. Days is long term to me. I was scalping before...trading within hours. Holding longs long term would be stupid due to the negative swaps. So I try to have nothing open for more than a month.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,137.0%
Only one guy who knows how to trade on this site OnlineAddict!!!! The others cant distinct between bearish and bullish.
like i said until usd/chf get to my tp before I can analyze anything again 0.99619
Attached Image (click to enlarge)
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bakare
Dovish
Quoting fxsport
{quote} Why don't you just transfer your account to mine and I'll give you a 20% rebate to purchase Christmas presents before you entire account gets wiped out ok?
lol
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