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Cable Update (GBPUSD)

Quoting HaLBot
{quote} These are the FOMC minutes, does it move the market as much as FOMC itself? I see it is high impact news {image}

no it doesnt move the market. rest assure u can trade in peace. its just a normal meeting withing the fomc council. on what to expect on the next fomc
Trading should be peaceful
Quoting luckytujuh
{quote} no it doesnt move the market. rest assure u can trade in peace. its just a normal meeting withing the fomc council. on what to expect on the next fomc

It'll be 6am here in Melbourne and of to work so won't get the chance....
We need a Quantum leap in understanding here
Quoting Headland
{quote} Hi. As far as I know yeh absolutely, that still happens, - it did in my day. It's an unofficial open as no centralized exchange other than futures re forex, and like london depends on the institution. NYSE opens 0930am NY time which is much later than the equivalent 0800am London time open, so when I worked there, (did 3yrs there,) we were @ our desks a good 2.5hrs before that, @ circa 0700am NY (est.)

thank you for your info. i used to be a hedfundmanager, but only for NYSE&Nasdaq equities long/short. so i have absolutely no experience at the forex trading desk.
trading is like dancing, don't think and just listen to the music!
Quoting TraderFX.Id
{quote} whats ur sl, 2610-2600 confusing area, but i wil long if break 2635
look at the chart i posted
The market has short memory
Quoting HaLBot
{quote} These are the FOMC minutes, does it move the market as much as FOMC itself? I see it is high impact news {image}

I mentioned his yesterday that this event has in the past not provided any fireworks except for once in the last 2 years as far as I remember. We might get a small spike here or there but don’t expect a big move. Remember even FOMC a couple of weeks ago did nothing
Insane in the Brain..
Quoting BeeTogether
{quote} I mentioned his yesterday that this event has in the past not provided any fireworks except for once in the last 2 years as far as I remember. We might get a small spike here or there but don’t expect a big move. Remember even FOMC a couple of weeks ago did nothing
agree..its just regular meeting..not rate decision..
dont teach me how to buy. im sellers!!
Quoting Nordling
{quote} Not as much as FOMC itself. FOMC is way more volatile. But ofc sometimes Minutes make surprises too
Great view Nordling.
Open mind and ready to react to what market to offer.

I glance trough today many posted on FOMC MOM.
Thus as newbie, I would like to put mine as well.

Briefly FOMC MOM is
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The FOMC Minutes of Meeting are like the detailed notes they take during that meeting.

A deep understanding on the monetary policy stance and hint on future rates decisions while statements is where the actual the interest rate decision are reported in regards to the final votes.

Thats why fomc MOM are sometimes more volatile
If there is no revision or new data does not change much, it will remain calm.
But for today, I see some volitality. Will post some explanation after this

What they capture:
Latest inflation data, unemployment numbers, etc.
Inflation risks, potential impacts on growth, etc.
Arguments for and against different interest rate options.
What interest rate was set and why.
Hints about future rate changes based on changing economic conditions.

Why are FOMC Minutes important?
They offer a deeper understanding of the Fed's thinking and reasoning behind their interest rate decisions.
They can help you anticipate future rate changes by revealing the board's concerns and potential scenarios.
They provide valuable information for investors, businesses, and anyone interested in the US economy.
It's a look under the hood.

NOTES:
FOMC Minutes are released three weeks after the meeting.
They are more detailed and nuanced than the initial FOMC statement.
They offer valuable insights into the Fed's monetary policy stance and future intentions.
I come from the future.
Quoting zuko
{quote} Add @1,2617
Seems MF don't want to drop, all out @1,2616. Looking for long confirmation.
Rest assured Britons your countries defence is in good hands
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We need a Quantum leap in understanding here
Quoting TraderFX.Id
{quote} agree..its just regular meeting..not rate decision..

Every meeting is potentially a rate decision.
These are simply the minutes from the meeting. Any announcement with any impact has already been made.
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Fools Rushing
Quoting HaLBot
Rest assured Britons your countries defence is in good hands {image}
In great news for Australia, the UK will be supplying submarines through their Aukus pact soon
Quoting Pat Chiko
{quote} Great view Nordling. Open mind and ready to react to what market to offer. I glance trough today many posted on FOMC MOM. Thus as newbie, I would like to put mine as well. Briefly FOMC MOM is {image} The FOMC Minutes of Meeting are like the detailed notes they take during that meeting. A deep understanding on the monetary policy stance and hint on future rates decisions while statements is where the actual the interest rate decision are reported in regards to the final votes. Thats why fomc MOM are sometimes more volatile If there...

Dear Pat,
I agree that these notes offer an opportunity for the markets to extrapolate meaning, not necessarily an accurate extrapolation but an extrapolation that can potentially move the market. Several times we have seen these notes misinterpreted by the people 'wishing' for different results. How the market will react is always a coin toss!
Quoting PiploEscobar
{quote} In great news for Australia, the UK will be supplying submarines through their Aukus pact soon

Hahahahahaha yeah were all on the same boat known as the ship of fools.....

US asked our government to supply a warship to the Red Sea and we couldn't even do it, we've never knocked back a request like that ever!!
We need a Quantum leap in understanding here
Quoting Pat Chiko
{quote} Great view Nordling. Open mind and ready to react to what market to offer. I glance trough today many posted on FOMC MOM. Thus as newbie, I would like to put mine as well. Briefly FOMC MOM is {image} The FOMC Minutes of Meeting are like the detailed notes they take during that meeting. A deep understanding on the monetary policy stance and hint on future rates decisions while statements is where the actual the interest rate decision are reported in regards to the final votes. Thats why fomc MOM are sometimes more volatile If there...
Come on pat, we all know that you are not a newbie. You are a valuable member in this forum
I make my own luck.
Quoting dantpm
{quote} Dear Pat, I agree that these notes offer an opportunity for the markets to extrapolate meaning, not necessarily an accurate extrapolation but an extrapolation that can potentially move the market. Several times we have seen these notes misinterpreted by the people 'wishing' for different results. How the market will react is always a coin toss!
Market reaction to the news never cease to amaze me
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I make my own luck.
Quoting Nordling
{quote} Market reaction to the news never cease to amaze me {image}
Quoting dantpm
{quote} Dear Pat, I agree that these notes offer an opportunity for the markets to extrapolate meaning, not necessarily an accurate extrapolation but an extrapolation that can potentially move the market. Several times we have seen these notes misinterpreted by the people 'wishing' for different results. How the market will react is always a coin toss!
Thanks Dan, for your insights on the potential market impact of the FOMC minutes.
The possibility of misinterpretations and volatile reactions is definitely something to consider.
As we exchange ideas and views, we become more open to what's coming in real time, rather than relying solely on hindsight.

Quoting Pat Chiko
{quote} Great view Nordling. Open mind and ready to react to what market to offer. I glance trough today many posted on FOMC MOM. Thus as newbie, I would like to put mine as well. Briefly FOMC MOM is {image} The FOMC Minutes of Meeting are like the detailed notes they take during that meeting.
Remains a question : what's new data or revision going to be today FOMC MOM
So far we got CPI data. The rest is as follows
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Continue/-
I come from the future.
Time to Sell Again
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Abeylyn