EURUSD

done.. caught 30 pips in this roller coaster

Anyone even read this:

Press Release

http://www.federalreserve.gov/gifjpg/PRimage.gif Release Date: December 16, 2009
For immediate release

Information received since the Federal Open Market Committee met in November suggests that economic activity has continued to pick up and that the deterioration in the labor market is abating. The housing sector has shown some signs of improvement over recent months. Household spending appears to be expanding at a moderate rate, though it remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment, though at a slower pace, and remain reluctant to add to payrolls; they continue to make progress in bringing inventory stocks into better alignment with sales. Financial market conditions have become more supportive of economic growth. Although economic activity is likely to remain weak for a time, the Committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a strengthening of economic growth and a gradual return to higher levels of resource utilization in a context of price stability.
With substantial resource slack likely to continue to dampen cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain subdued for some time.
The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period. To provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve is in the process of purchasing $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt. In order to promote a smooth transition in markets, the Committee is gradually slowing the pace of these purchases, and it anticipates that these transactions will be executed by the end of the first quarter of 2010. The Committee will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outlook and conditions in financial markets.
In light of ongoing improvements in the functioning of financial markets, the Committee and the Board of Governors anticipate that most of the Federal Reserve’s special liquidity facilities will expire on February 1, 2010, consistent with the Federal Reserve’s announcement of June 25, 2009. These facilities include the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility. The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1. The Federal Reserve expects that amounts provided under the Term Auction Facility will continue to be scaled back in early 2010. The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30, 2010, for loans backed by new-issue commercial mortgage-backed securities and March 31, 2010, for loans backed by all other types of collateral. The Federal Reserve is prepared to modify these plans if necessary to support financial stability and economic growth.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.

Yes but no one listen

Fed will end central bank liquidity swaps, this is dollar positive. Through this operation 40 billion dollars has been swaped with other central banks each day.

all my post clear maybe i'm out from trede for this dec,09
very dengerios for me...see you all in jan 10

Gold/Silver up 1.2%. I hope push down is over..

Let's go back over 1.4550.

Normally you get a push one direction, and then a push the opposite diection for the rest of the session. Would be f'd up If tomorrows unemployment numbers broke the trend.

My friend do you remember your comments ie 4700 yesterday....by 3:30 est

If anyone here blown up their account today you have no one to blame but yourselves.

My advice is to use your stoplosses and trailing stops and you will always come out a winner even with +4 to +50 pips in profit!

Time mismatch, not today then, I,m still Long. I Guess I'm forever long, don't see any reason not to.

Apparently, some big German name dumped a big amount of E/U right as the statement was being made. Probably taking some profit. When things settle down, I expect will will move back north. I read the entire statement, and, on balance, it was dollar negative.

not liking the news too much.

Do you have confirmation for this German name?

I still think it will shoot up too .

Swissy is just holding over 1.04 and dragging eur$ down...so far at least.

the next 15 min. are crucial

this is the best piece i have ever saw you post. this is huge. without this usd will have to move through normal channels. this means usd demand. it will no longer be manipulated though central banks. it will be in the open market. this is bigger then any interest rate raise or cut. few get it.

I hope it will...

i hear yah

How, do you know what central bank liquidity swaps are. I would say it was neutral.

Central banks borrowed dollar temporarily from fed this was to preven excess moves in bond and fx markets. Fed lent out 40 billion a day on average. This is done at fixed rate, no bid or offer rate. Plus soon they are ending long term security buying by end of february. However there was extended period inside the statement, which left it negative overal..