Fomc ? | Forex Factory

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Fomc ?

  • #1
  • First Post: Oct 21, 2006 2:45pm Oct 21, 2006 2:45pm
As a Technical Trader I've become a bit embaressed lately about the FOMC and not having watched it in the past, although I have always stayed out of the market during NFP. So my question is can you tell me what day of each month does the FOMC announcement fall on? Thanks for your time. Fritz
  • #2
  • Oct 21, 2006 3:02pm Oct 21, 2006 3:02pm
refer to the calendar or google it, basically do your research. There are alot of references regarding FOMC. FF is just one venue you should rely on when trying to understand economic reports.
  • #3
  • Oct 21, 2006 4:31pm Oct 21, 2006 4:31pm
I should have been clearer, I'm not trying to understand the FOMC report but rather I am wanting to know if it falls on the same day each month and what day that is? Essentially I want to know the date and then avoid the FOMC, and I thought who better to ask than news traders. Fritz


Quoting hunter101
refer to the calendar or google it, basically do your research. There are alot of references regarding FOMC. FF is just one venue you should rely on when trying to understand economic reports.
  • #4
  • Oct 21, 2006 4:42pm Oct 21, 2006 4:42pm
Quoting fritz
I should have been clearer, I'm not trying to understand the FOMC report but rather I am wanting to know if it falls on the same day each month and what day that is? Essentially I want to know the date and then avoid the FOMC, and I thought who better to ask than news traders. Fritz
No it isn't on the same time each month. If you want to know when the dates are, type "FOMC dates 2006" into Google and look at the first link.

Or if you're lazy just go here:

http://www.federalreserve.gov/FOMC/

Also check out the calendar right here on Forex Factory - pretty complete and good for listing international news report times.
  • #5
  • Oct 21, 2006 5:37pm Oct 21, 2006 5:37pm
Perfect. Thanks pipscooper.

Quoting pipscooper
No it isn't on the same time each month. If you want to know when the dates are, type "FOMC dates 2006" into Google and look at the first link.

Or if you're lazy just go here:

http://www.federalreserve.gov/FOMC/

Also check out the calendar right here on Forex Factory - pretty complete and good for listing international news report times.
  • #6
  • Oct 22, 2006 11:37pm Oct 22, 2006 11:37pm
Quoting pipscooper
No it isn't on the same time each month. If you want to know when the dates are, type "FOMC dates 2006" into Google and look at the first link.

Or if you're lazy just go here:

http://www.federalreserve.gov/FOMC/

Also check out the calendar right here on Forex Factory - pretty complete and good for listing international news report times.
I have FOMC marked at 09.15 GMT on the 24th, but Forexfactory calender has it marked on 25th. Have I got my time zones crossed????

Mark
  • #7
  • Oct 22, 2006 11:57pm Oct 22, 2006 11:57pm
Its a 2 day meeting.
  • #8
  • Oct 23, 2006 12:24am Oct 23, 2006 12:24am
Quoting Darkstar
Its a 2 day meeting.
Thanks Darkstar, will the first day produce any movement?

Mark
  • #9
  • Oct 23, 2006 12:43am Oct 23, 2006 12:43am
Quoting mbadrick
Thanks Darkstar, will the first day produce any movement?

Mark
Yes.

They will move seats around as they play Musical Chair to know who among the them will get to vote on the 2nd day.
  • #10
  • Oct 23, 2006 12:51am Oct 23, 2006 12:51am
Quoting BurgerKing
Yes.

They will move seats around as they play Musical Chair to know who among the them will get to vote on the 2nd day.
Thanks BurgerKing for reminding me why I never post on these forums.

Mark
  • #11
  • Oct 23, 2006 1:00am Oct 23, 2006 1:00am
LOL!

You should know that the 1st day DONT produce any currency movements! IF it does (result already decided on the 1st day and leaked out into the public), why bother having a 2nd day?


BTW. They do decide WHO among them get to vote on the 2nd day! Not ALL of the "Participants" in the discussion are voting members.
  • #12
  • Oct 23, 2006 1:08am Oct 23, 2006 1:08am
Quoting BurgerKing
LOL!

You should know that the 1st day DONT produce any currency movements! IF it does (result already decided on the 1st day and leaked out into the public), why bother having a 2nd day?
Having had very little experience of news trading, I was not aware of that fact and to help a newbie it would have been nice to just simpy explain the above instead of being so sarcastic. What was blatently obvious to you was not me (maybe I am just thick!!)What was also confusing is that FXengines has marked the news release for the 24th.

Mark
  • #13
  • Last Post: Oct 23, 2006 5:42am Oct 23, 2006 5:42am
Sink me! My understanding is that it is a two-day meeting so the FOMC can decide on the rate decision and policy statement on day 1 and place their trades on day 2.

"Always bet on black"
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