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  • Federal Reserve issues FOMC statement

    From federalreserve.gov

    Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Indicators of longer-term inflation expectations are ... (full story)

Added at 2:03pm

  • Fed hikes rate, lowers 2019 projection to 2 increases

    From cnbc.com

    The Federal Reserve raised its benchmark interest rate a quarter-point Wednesday but lowered its projections for future hikes. As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25 percent to 2.5 percent. The move marked the fourth increase this year and the ninth since it began normalizing rates in December 2015. Officials, though, now project two hikes next year, which is a reduction but still ahead of current market pricing of no additional moves next year. The language in the post-meeting statement was not entirely dovish. The committee continued to include a ... (full story)

Added at 2:05pm

  • Here’s what changed in the new Fed statement

    From cnbc.com

    This is a comparison of Wednesday’s FOMC statement with the one issued after the Fed’s previous policymaking meeting on November 8. Text removed from the November statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements.

  •  Guest
  • | IP XX.XXX.24.146
Take that!!!
Called it
https://www.forexfactory.com/showthread.php?p=11800652#post11800652
EU & GU short?
Powell is not going to water this down.
My prediction for 2.5 is already on the table, and another one of minimum 3% for 2019 with at least 2 more rate hike is already on the table!
Fed Thumbs up for you, you dint care Trump's threats.
Quoting cdsaa
EU & GU short?
You kinda missed the boat on this great downward move.....
...because you never know - until you do!
Powell: I am the King now, not you Trump LOL
just need to wait for the Trump tweets in the futures
  •  Guest
  • | IP XX.XXX.115.117
FED LOWERS 2018 INFLATION FORECAST TO 1.9% FROM 2.1%

FED LOWERS 2019 INFLATION FORECAST TO 1.9% FROM 2%

SIGNALS TWO 2019 HIKES VS THREE IN SEPT. EST.

-------------------

Pretty dovish if you ask me.
governments don't run the show . banks run the show. its just been proven once again. lol..
Quoting Guest
FED LOWERS 2018 INFLATION FORECAST TO 1.9% FROM 2.1% FED LOWERS 2019 INFLATION FORECAST TO 1.9% FROM 2% SIGNALS TWO 2019 HIKES VS THREE IN SEPT. EST. ------------------- Pretty dovish if you ask me.
Who cares about the inflation after expectation for minimum 3% interest rate in 2019, for sure!
Quoting Brentrading
governments don't run the show . banks run the show. its just been proven once again. lol..

Rules the show, the market does. The Fed uses the markets for knowledge and defense, never for attack.
Learn, a forex trader must, unlearn and relearn he will.
Buy Bitcoin
Quoting COGSx86
{quote} Rules the show, the market does. The Fed uses the markets for knowledge and defense, never for attack.
agreed.
Quoting cdsaa
{quote} is the short run finished?... or it is done for tonight.. what u saying?
LOL as yellow member have you asked this?
Quoting Dr.Zain
Fed Thumbs up for you, you dint care Trump's threats.
Powell You are fired
Quoting armaros
{quote} LOL as yellow member have you asked this?
tomorrow it start
I wonder if we see rage from Trump later something like he has the power to sack the Fed and they better listen to what he says
somehow I think they are making a good shows since yesterday. Propaganda from Trump via washington Post. And now we will get retail figures for the christmas and Europe is bad ... if go on like that demo through the year end.
Quoting hkg_paul
{quote} tomorrow it start
Overlooking some important news these days...

But for me Brexit will still be the key influence on GU. How much of the downward movement it arrested, not sure.
i shorted gold and silver on this news.
Quoting conglomerate
Buy Bitcoin
REALLY?? Did you buy @ $12,000 or $4,000?

It's now at $3,000. Instead of buying Bitcoin just give me 1/2 of your money
...because you never know - until you do!
i wonder whos gona be the first to call for powells firing?...trumpie of FF LOL
buy the rumor,sell the news
Quoting ettrader
I wonder if we see rage from Trump later something like he has the power to sack the Fed and they better listen to what he says
Trump knew probably that he wouldn't be able to avoid the rate hike. And he didn't want neither, I guess, because a strong $ is good for his investments. But he needed to have someone to blame for the misery of the outcome of his policy. By tweeting before the rate hike, he got this now. A pattern that he cleverly uses not just since he's POTUS.
  •  Guest
  • | IP XX.XXX.196.66
Quoting Et2017
{quote} Trump knew probably that he wouldn't be able to avoid the rate hike. And he didn't want neither, I guess, because a strong $ is good for his investments. But he needed to have someone to blame for the misery of the outcome of his policy. By tweeting before the rate hike, he got this now. A pattern that he cleverly uses not just since he's POTUS.
I just want to point out that it was skilled maneuvering on his part as POTUS. He know the plans. By being against the policy, he has a way out. If it goes south after implementation, he can say that he was against it and if it goes good after implementation, he can say that that is why he has skilled people determining his policies and that the economy is good because of him allowing these skilled people to proceed. I doubt it has must to do with his investments. He knows ahead of time what direction the majority of the market is going to move and can easily make moves before the populous.
trump that big brain genius knows his chances of reelection are small if the stock market falls before the campaigning starts in 3 months....but what that genius doesnt know is the stock market hasnt anything to do with the health of the economy. just look at a historical dow chart from the 30's and the stock market was going up during the height of the worst misery in the depression...hes just playing to the rich who are invested in stocks so they dont abandon him

powells trying to manage the economy not stocks
buy the rumor,sell the news
Quoting fxsport
{quote} REALLY?? Did you buy @ $12,000 or $4,000? It's now at $3,000. Instead of buying Bitcoin just give me 1/2 of your money
Funny the same time I'm reading this comment, I'm also currently reading another article from 2017 where Mark Cuban says Bitcoin is not worth $3000 and it's a bubble. This is the same price it is now. So basically bitcoin went from a bubble, to a "hyper" bubble, back to a normal bubble lol.

But in the time of bitcoin's 10 year history, if you had put your money into bitcoin from the beginning, you would have made far more money than any stock investments you could of made period. That includes vaunted media darlings like amazon or google or apple. If bitcoin was a stock, it would be single greatest stock of all time, even after accounting for its massive fall in price.
Quoting Iro
{quote} Funny the same time I'm reading this comment, I'm also currently reading another article from 2017 where Mark Cuban says Bitcoin is not worth $3000 and it's a bubble. This is the same price it is now. So basically bitcoin went from a bubble, to a "hyper" bubble, back to a normal bubble lol. But in the time of bitcoin's 10 year history, if you had put your money into bitcoin from the beginning, you would have made far more money than any stock investments you could of made period. That includes vaunted media darlings like amazon...
Yeah, well if my dog where a human. It would be the greatest dog of all time.
Quoting wasntme
trump that big brain genius knows his chances of reelection are small if the stock market falls before the campaigning starts in 3 months....but what that genius doesnt know is the stock market hasnt anything to do with the health of the economy. just look at a historical dow chart from the 30's and the stock market was going up during the height of the worst misery in the depression...hes just playing to the rich who are invested in stocks so they dont abandon him powells trying to manage the economy not stocks
I hate to bust your bubble but the 2020 election will be decided around August 2020 - anything that happens in 2019 will be forgotten by the uninformed voters; happens every year.

Any yes the stock market is not the same as main street, however nearly 80% of American own some sort of stock in their IRA's
...because you never know - until you do!
Quoting Iro
{quote} Funny the same time I'm reading this comment, I'm also currently reading another article from 2017 where Mark Cuban says Bitcoin is not worth $3000 and it's a bubble. This is the same price it is now. So basically bitcoin went from a bubble, to a "hyper" bubble, back to a normal bubble lol. But in the time of bitcoin's 10 year history, if you had put your money into bitcoin from the beginning, you would have made far more money than any stock investments you could of made period. That includes vaunted media darlings like amazon...
Iro yest IF you got in before the huge increase but MOST people didn't. In fact it was the 'masses' that finally recognized that Bitcoin was available when it hit $10,000. I have a friend who bought at $10,000 whom I told to sell at $15,000 (50% profit). He didn't telling me it was going to $30,000! It's now $3,000+change and he's lost $7,000 so "he" thinks Bitcoin is a scam.

Everyone who gets in early makes money, especially in Ponzi scams. Talk to the early victims of Bernie Madoff - the first few made tons of $ while those late to the party paid the bill
...because you never know - until you do!
Quoting fxsport
{quote} You kinda missed the boat on this great downward move.....
Now we can repeat. But the question is - is really those a short when yesterday and today eu moves up so much
Quoting Guest
FED LOWERS 2018 INFLATION FORECAST TO 1.9% FROM 2.1% FED LOWERS 2019 INFLATION FORECAST TO 1.9% FROM 2% SIGNALS TWO 2019 HIKES VS THREE IN SEPT. EST. ------------------- Pretty dovish if you ask me.
Would agree. But i hate that serius webpages like fxstreet tell its hawkish. So i will probably have to take one more big losss. Still not closed short eu, now it is overextended i guess so hoping at least to reduce losss before closing
Quoting Rakeem
{quote} Who cares about the inflation after expectation for minimum 3% interest rate in 2019, for sure!
I guess just to understand that 2 instead of 3 hikes are not out of thin air but because of lower inflation?
Quoting fxsport
{quote} Iro yest IF you got in before the huge increase but MOST people didn't. In fact it was the 'masses' that finally recognized that Bitcoin was available when it hit $10,000. I have a friend who bought at $10,000 whom I told to sell at $15,000 (50% profit). He didn't telling me it was going to $30,000! It's now $3,000+change and he's lost $7,000 so "he" thinks Bitcoin is a scam. Everyone who gets in early makes money, especially in Ponzi scams. Talk to the early victims of Bernie Madoff - the first few made tons of $ while those late...
Um no, not quite. Unlike Bernie Madoff's ponzi schemes, Satoshi did not set bitcoin up as some sort of investment, it was set up to be a trust-less money transfer system that could bypass traditional banking. (Which was revolutionary at the time.) It works just as well at $100 as it would at $1000 or $10000. People started treated it as speculative asset all on their own.

It was a case of random people buying it because they saw it rose in price, which in turn caused even more people to buy it because rose in price and repeat ad-nauseam until the crash. The cycle of boom-busts occurred like 6 or 7 times in bitcoin's history.

When bitcoin hit $10,000, it was already pretty damn high. There was no guarantee it would hit $15,000, much less $30,000. Your friend simply got too greedy and mistimed the best place to sell.
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