EURUSD

Finally some one agrees about scalping.
Learned the hard way now I only trade 4h, daily and weekly.

Hey, so what is your long term view? Do you still think of usd collaps?

Hmmm...I do way better scalping than I ever did on longer horizons, but maybe I'm in the minority. I think that some people make better scalpers and others make better investors.

that doesnt mean the eur/usd is goin up but they wont raise interest rates.

No question. But EUR still in bearish mode at list till FEB 16 ECB hearing

on Greece issue, if I'm not mistaking. My bet USDx will not go over 80.. That's the top

for this Temp pop, next move below

72 on index. IMHO.

well intrepid me too. good to know that.

and it's out before the release.

more or less 100 pips today. this is my weekly target so very nice day. in fact very nice last few days. managed to correct my overleverage blooper!

heading home now.

good trades to you all.

Just dont panic now.....

*L* below 1065 and hold ..bottom drops out mid term.. maybe long term.. you listen to too many people selling something..

i dont scalp much

Good..Good luck for your trading..

no change...sos

now panic!

To be an honest I woulndt expect much movement from this announcement. But you wanna listen for comments by the fomc for direction of the USD. You can watch it live on bloomberg tv or listen to it on the wire on newstrike or a variety of ways.

I'm mad. long add 4020

Aaaaaaaaaaaaa going down

gator

so how was the fomc. i do not knw how to find out can u tell plz

i took scary postition Long @ 20

what caused this big ass move? was it a huge order or any kind of news?

9 to 1 vote, no change

Information received since the Federal Open Market Committee met in December suggests that economic activity has continued to strengthen and that the deterioration in the labor market is abating. Household spending is expanding at a moderate rate but remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software appears to be picking up, but investment in structures is still contracting and employers remain reluctant to add to payrolls. Firms have brought inventory stocks into better alignment with sales. While bank lending continues to contract, financial market conditions remain supportive of economic growth. Although the pace of economic recovery is likely to be moderate for a time, the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability.

With substantial resource slack continuing to restrain cost pressures and with longer-term inflation expectations stable, inflation is likely to be 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. The Committee will continue to evaluate its purchases of securities in light of the evolving economic outlook and conditions in financial markets.

In light of improved functioning of financial markets, the Federal Reserve will be closing 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 on February 1, as previously announced. In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1. The Federal Reserve is in the process of winding down its Term Auction Facility: $50 billion in 28-day credit will be offered on February 8 and $25 billion in 28-day credit wil be offered at the final auction on March 8. The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30 for loans backed by new-issue commercial mortgage-backed securities and March 31 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; James Bullard; Elizabeth A. Duke; Donald L. Kohn; Sandra Pianalto; Eric S. Rosengren; Daniel K. Tarullo; and Kevin M. Warsh. Voting against the policy action was Thomas M. Hoenig, who believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted.