FOMC Statement

Quoting jonahky7

Disliked

chazzle, to be honest, no one knows what the closing price will be but one thing for sure US dollar is as fked as Euro. Both are shit at the moment. Just trying to figure which is better. Euro is likely to hit 1.32 by tomorrow but needs to cross 1.3145 first, am sure it will with the crap FED news, so let it settle now and buy in low. no point long now as there are big shorts at 1.310.

Ignored

http://www.forexfactory.com/images/s.../yim/happy.gif

Jan 25, 2012 11:39am

Why do people keep posting 'what it mean up down'! If you don't know the answer to that, don't trade!

Fed in the last paragraph are saying with 'is prepared to adjust those holdings as appropriate to promote a stronger economic recovery in a context of price stability.' equates to 'we will print money again if we have to'. Hence the reason why USD is down, gold, equities and commodites are up.

I have never seen so many muppets commenting!

Jan 25, 2012 11:52am

Quoting hkg_paul

Disliked

I think euro has to print money be4 the us

Ignored

QE is not in the ECB mandate, but they are doing backdoor QE via the LTROs. Draghi will expand and extend if necessary. Markozy want ECB to take hit on Greek loans and they are not happy with this stance because that would mean ECB take a loss and that will be QE!

Jan 25, 2012 12:17pm

Quoting Guest

Disliked

Always stay out till the news breaks if you do not know how to trade news, and wait for atleast 15 mins. before even thinking about getting back in. Then watch your s/r and confirmation before entering!!!!!

Ignored

Nice try but these gambling muppets won't listen!

Jan 25, 2012 12:34pm — Edited

Quoting maison

Disliked

Do the math for yourself Bbakker: if US will print money it means more inflation. How the price can be stable with more inflation?
eurusd is up after this news because more Carry trades are in. They thing they still have time to make money (capital and pairs interest at the same time) from now to end of 2014. However when demand calms down, eurusd continues to drop again.

Ignored

Japan has been waiting nearly 20 years for their inflation, printing Yen like there is no tomorrow and it still hasn't materialised! It will one day but nobody knows when that day will come!

Jan 25, 2012 1:06pm

Quoting Guest

Disliked

gambling muppets may be the euro bulls hahaha market is like casino gambling gambling gambling eaither win or loose
no charts say euro or gbp must be here now gambling & luck luck luck is the market ruler

daily charts eurousd gbpusd show total divergence draw the lines right
both pairs now very overbought- maximum Top
drawback to 1.29 and 1.55 first after fall more further
market is mixed now too much flow, must hold on for now and absorb bulls as much as possible to maintain resistance for pull down later

Ignored

Maybe it is casino gambling mixed with luck for you but I wait for high probability trades. The rest of your sentence makes no sense!

Jan 25, 2012 3:12pm

Quoting jonahky7

Disliked

Boy are the EUropeans pissed tonight. AM sure they are coming out with another fart (mima's favourite) tomorrow to squashed euro down again. A strong euro is hell for EUro at the moment.

Ignored

People laughed when I posted this as everyone was screaming short - http://www.forexfactory.com/showthread.php?p=5268315#post5268315

Now I am laughing all the way to the bank! - Trade the charts not the funnymentals! I am out of here...

Jan 25, 2012 3:41pm

Quoting Guest

Disliked

Crikey! What a mix of abilities

I did not hear about Japan printing money - but that doesn't mean they are not. One thing Japan shares with Germany is a srong production of quality products sought-after around the world. German has a strong balance of trade and that will drive up the Euro until all the other euro-countries have bigger combined deficits. ....which may not take long.
1.32 looks like a possible short entry to me.

Ignored

http://en.wikipedia.org/wiki/Quantitative_easing#In_Japan
http://currencythoughts.com/2008/12/18/bank-of-japan-quantitative-easing-then-and-now/

You just need to look in the right places to find the right information. Did QE work for Japan? Where is their inflation and why did it not weaken their currency? How do you think they are paying for their interventions?

Adios amigos!

hkg_paul

Jan 25, 2012 11:45am

Quoting bbakker

Disliked

Why do people keep posting 'what it mean up down'! If you don't know the answer to that, don't trade!

Fed in the last paragraph are saying with 'is prepared to adjust those holdings as appropriate to promote a stronger economic recovery in a context of price stability.' equates to 'we will print money again if we have to'. Hence the reason why USD is down, gold, equities and commodites are up.

Ignored

I think euro has to print money be4 the us

imbonitore

Jan 25, 2012 2:24pm

Basically I see the next 2 months with 1.2550-1.2450 as the low. I don’t think last week’s low of 1.2625 is any strong support level in terms of volume – more psychological as it would be a new low this year – and lower than last year.
I further see move to the upside capped around 1.3150-1.3325.
I see this range played up and down possibly 2-3 times – not to its full extent – but enough to illustrate that there is no clear signs of any substantial move out of this range.
The market so far this year – as was the case for all of December was a market only for short-term players. There is no direction to find from what they do – other than that they cap whatever they do. It’s in the definition of being short-term player.
For EURUSD to go out of this area you need someone from the group of 15 I mentioned in my posting – to clear this range of whatever is left there and to make a move.
The longer it takes for someone to do that – the more it will be bulls who take charge of this move.
And that is argued from two strong groups of indicators:
The EU debt puzzle is slowly falling into pieces and people will see (1) the long-term plan taking shape – and being supported by (2) enhanced roles for ECB, EFSF and EMF - in that order.
The euro-zone economy is much stronger than what is generally appreciated by the market. But more importantly – it’s significantly better exposed towards global growth areas than what the US economy is. Our research shows that this will be visible in macro figures as early as of late March of this year.
So – by the time you get a breakout from this range that I think we will see for 2 months to come – the move outside this range can be a long and significant one. Our estimate is that it can take EURUSD higher than levels seen both in 2010 and 2009. from Tor

Fidza

Jan 25, 2012 12:02pm

Quoting bbakker

Disliked

Why do people keep posting 'what it mean up down'! If you don't know the answer to that, don't trade!

Fed in the last paragraph are saying with 'is prepared to adjust those holdings as appropriate to promote a stronger economic recovery in a context of price stability.' equates to 'we will print money again if we have to'. Hence the reason why USD is down, gold, equities and commodites are up.

I have never seen so many muppets commenting!

Ignored

LMAO, so much chaos in such a short time... this clip comes to mind

http://www.youtube.com/watch?v=85lpWoESHUM

wlarimer

Jan 25, 2012 1:20pm

"is euro will come out from its crisis or what???how can it goes up 1.40???"

No the euro isn't going up to 1.40. The USD is going DOWN to 1.4 very sick and weak euros.. because the Ben Burnank threatened qe3 in the fomc statement. It would be a lot simpler if bankers would plainly say what they mean but they had difficulties doing so because theyre ashamed.

chazzle

Jan 25, 2012 12:38pm

can anyone tell me what tonight's exact closing price will be please

chazzle

Jan 25, 2012 1:09pm

Quoting bbakker

Disliked

ROFL

Ignored

haha ; ) couldn't resist , good to see you mate

Jan 25, 2012 1:02pm

Quoting chazzle

Disliked

http://www.forexfactory.com/images/s.../yim/happy.gif

Ignored

ROFL

Jan 25, 2012 2:09pm

Quoting mima

Disliked

all above useless comments

Ignored

Not as useless as your farting comments... lol

hkg_paul

Jan 25, 2012 11:37am

The armies are really dumb... this is all under expectations... now we are looking back on the crises again.

silvia77

Jan 25, 2012 11:36am

what is it mean up down?

Jan 25, 2012 11:37am

eurusd is going up

Jan 25, 2012 12:21pm

Quoting Guest

Disliked

wat charts tell me about will like to see
wat chart all indicators dying on overbought area
stupid market
soon down after bernanke conference

Ignored

In my Divergence Indicator in Daily/Weekly it classical bull in Eur/USD and reverse would be 1.496 classical bearish then god and top authorities knows

Aldente

Jan 25, 2012 4:07pm

Quoting Memnonxxi

Disliked

eur usd 1.40 aud usd 1.10 usd cad 0.90

Ignored

agree with this

Ipndasno

Jan 25, 2012 11:37am

hmm. thats not what the cahrts are saying

johnel

Jan 25, 2012 12:29pm

not a QE3, it's about this:"short-term interest rates to stay close to zero at least through late 2014"
Eu/usd will go down soon

johnel

Jan 25, 2012 12:41pm

I 'll tell you... tomorrow morning

johnel

Jan 25, 2012 12:47pm

Quoting Scientist

Disliked

I'll tell you at 00:01, for a very low price. Limited offer only

Ignored

chazzle, take my offer... it's free

maison

Jan 25, 2012 12:21pm

Fed in the last paragraph are saying with 'is prepared to adjust those holdings as appropriate to promote a stronger economic recovery in a context of price stability.' equates to 'we will print money again if we have to'. Hence the reason why USD is down, gold, equities and commodites are up.[/quote]

Do the math for yourself Bbakker: if US will print money it means more inflation. How the price can be stable with more inflation?
eurusd is up after this news because more Carry trades are in. They thing they still have time to make money (capital and pairs interest at the same time) from now to end of 2014. However when demand calms down, eurusd continues to drop again.

maison

Jan 25, 2012 12:30pm

Quoting Allev8

Disliked

I don't give a rats ...... - I've made a huge amount trading what I see, who cares. If you do - get into politics and off this bloody site.

Ignored

good luck to people who doesn't care where they put money in.

maison

Jan 25, 2012 1:10pm

Quoting Allev8

Disliked

Maison - It's the stupidity of the comments, drives me nuts. If the market is moving and you've done your analysis - wait for entry and get in. Who says 'we don't care where we put our money'. Don't be presumptuous!!

Ignored

Keep your emotion and your trading will be very good.
Good luck anyway

safdarhashmi

Jan 25, 2012 1:09pm

whats up now guy.....you wher dreaming of 1.40......its the market......not dreams.......just opens your eye and be realistic

Jan 25, 2012 11:47am

q3?

Jan 25, 2012 11:47am

eur usd 1.40 aud usd 1.10 usd cad 0.90

Memnonxxi

Jan 25, 2012 12:03pm

wait 1.40 eur usd...is new Q3

alexboyd

Jan 25, 2012 11:37am

Ah. Good thing I had a trailing stop on my gold short! =)

ianu3428

Jan 25, 2012 11:40am

guess thats why we all bought in low today and went long , been a hard day but we got there, had to wait on the frankfurt and london close,
bail out at gbp1.5616 and eur 1.3063,
selling overnight, good luck folks

pretor1979

Jan 25, 2012 11:56am

"...including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014"
this is a signal from what we can hear in about 1 hour? because if is this is bed for USD

Jan 25, 2012 12:41pm

Maison - It's the stupidity of the comments, drives me nuts. If the market is moving and you've done your analysis - wait for entry and get in. Who says 'we don't care where we put our money'. Don't be presumptuous!!

Jan 25, 2012 12:45pm

Quoting chazzle

Disliked

can anyone tell me what tonight's exact closing price will be please

Ignored

how on earth can any one tell you that
just call it a day
the big move already took place why would you want to enter now

Jan 25, 2012 12:46pm

US dollar is as shit as euro

just trade accordingly from now. Think euro is rising to hit 1.32 and above before the clamity of Greece comes back. may jolly well see 1.45 again soon before going back to 1.25, lol!!!!!!

Jan 25, 2012 12:52pm

Quoting chazzle

Disliked

can anyone tell me what tonight's exact closing price will be please

Ignored

chazzle, to be honest, no one knows what the closing price will be but one thing for sure US dollar is as fked as Euro. Both are shit at the moment. Just trying to figure which is better. Euro is likely to hit 1.32 by tomorrow but needs to cross 1.3145 first, am sure it will with the crap FED news, so let it settle now and buy in low. no point long now as there are big shorts at 1.310.

caesar98

Jan 25, 2012 1:31pm

Quoting Aaryan

Disliked

In my Divergence Indicator in Daily/Weekly it classical bull in Eur/USD and reverse would be 1.496 classical bearish then god and top authorities knows

Ignored

realy....???? now more people dreaming....come on guys...1000 pip more to go.....it's defenetly dreaming.....just see your chart and keep on dreaming oche....

Jan 25, 2012 1:41pm

Quoting caesar98

Disliked

realy....???? now more people dreaming....come on guys...1000 pip more to go.....it's defenetly dreaming.....just see your chart and keep on dreaming oche....

Ignored

It's not about dreaming caesar98, it's about who can fart better, Euro or US - now the shit of US came out, the shit in Euro is nowhere better. Until Greece actually default, where we will see a south journey. Otherwise for now, it's NORTH. Who knows Euro might come back with a vengence tomorrow.

goevenu

Jan 25, 2012 2:09pm

why surprise? In present economic condition of USA, Fed only one objective is to increase Aggregate Demand and its major tool is interest rate. Initial question was what will happen to r- up or down? obviously down to shift AD. Why didn't I interpret in this way and guessed! I believe, lowering r will cause loss of demand of $ in the long term. But in relative to JPY and EUR, $ is stronger to go for long in the short and medium term. Comments please!

Jan 25, 2012 2:50pm

Quoting bbakker

Disliked

Not as useless as your farting comments... lol

Ignored

Boy are the EUropeans pissed tonight. AM sure they are coming out with another fart (mima's favourite) tomorrow to squashed euro down again. A strong euro is hell for EUro at the moment.

mima

Jan 25, 2012 3:59pm

Quoting bbakker

Disliked

People laughed when I posted this as everyone was screaming short - http://www.forexfactory.com/showthre...15#post5268315

Now I am laughing all the way to the bank! - Trade the charts not the funnymentals! I am out of here...

Ignored

That is not problemm...supply/demand always work...problem is mind...

webart

Jan 25, 2012 5:27pm

Back to filling the markets with hot air .. things must be bad .. mostly due to all the hot air that we previously injected into it.

Minde

Jan 25, 2012 11:40am

is it going back or still north ?
i closed long euro with + 60 pips good day

Jan 25, 2012 11:54am

for sometime it goes up but it will be come downwards soon..

Jan 25, 2012 12:00pm

yeah al-romani...am enjoying..it will be touch 1.31 or nt ..can anybody tell me??

Aaryan

Jan 25, 2012 12:01pm

Quoting caesar98

Disliked

are you dreaming???? hehehe

Ignored

he is not dreaming he is reading chart

Jan 25, 2012 12:09pm

is euro will come out from its crisis or what???how can it goes up 1.40???

Jan 25, 2012 1:28pm

ahh..thanx a lot...wlarimer..but i did not get it usd.to 1.4 means where at 1.25???

FFStudent

Jan 25, 2012 11:45am

it saved my whole day loss
actually am so happy

screenname

Jan 25, 2012 1:47pm

Quoting al-romani

Disliked

LOL

Ignored

I'm only 15 minutes and it's gone. WTF is going on? I thought they are still debating, not enforcing, SOPA and PIPA...

Jan 25, 2012 11:38am

Pure madness...

Jan 25, 2012 2:46pm

are you sure about SNB Intervention?

covs67

Jan 25, 2012 11:35am

This statement had a minimal impact on USD!

Jan 25, 2012 11:36am

Thx for the eur rally

tusharbhor

Jan 25, 2012 11:36am

wat is going on....will it reverse???

Jan 25, 2012 11:38am

wow where are u looking man
I opened at 12950

Jan 25, 2012 11:39am

This was my best winning trade to date
am off for 1 week

Jan 25, 2012 11:44am

Taking the rest of the week off and going on a mini city break - love this game

tsswlee

Jan 25, 2012 11:46am

what is the conclusion?

caesar98

Jan 25, 2012 11:50am

Quoting Memnonxxi

Disliked

eur usd 1.40 aud usd 1.10 usd cad 0.90

Ignored

are you dreaming???? hehehe

Jan 25, 2012 11:56am

Quoting Tahera

Disliked

for sometime it goes up but it will be come downwards soon..

Ignored

enjoy the ride both ways

Trader#2F82

Jan 25, 2012 12:01pm

how euro up before Fed Chairman press conference!!!!!!!!!!!!!!!!!!!
euro down after Bernanke speaks
stupidity ruling the market, what about eurozone long lasting debts problems fools
sell now TP 1.2850

Trader#2F82

Jan 25, 2012 12:04pm

Quoting Aaryan

Disliked

he is not dreaming he is reading chart

Ignored

wat charts tell me about will like to see
wat chart all indicators dying on overbought area
stupid market
soon down after bernanke conference

Trader#8425

Jan 25, 2012 12:10pm

Always stay out till the news breaks if you do not know how to trade news, and wait for atleast 15 mins. before even thinking about getting back in. Then watch your s/r and confirmation before entering!!!!!

Trader#2F82

Jan 25, 2012 12:18pm

risk aversion ease will never help chf pairs.
they lose like hell in such stupid market
chf most powerful
snb must intervene= market reverse
don't you market want to hear wat bernanke have to say wat a stupid market

Jan 25, 2012 12:20pm

Shoot, everything for free - including our knowledge built up over years......and still they get burnt

Jan 25, 2012 12:20pm

if you waited that long you would have missed most of the rally

Jan 25, 2012 12:21pm

Quoting Fidza

Disliked

LMAO, so much chaos in such a short time... this clip comes to mind

http://www.youtube.com/watch?v=85lpWoESHUM

Ignored

hahahaha Models and bottles

Jan 25, 2012 12:26pm

I don't give a rats ...... - I've made a huge amount trading what I see, who cares. If you do - get into politics and off this bloody site.

Trader#2F82

Jan 25, 2012 12:31pm

Quoting bbakker

Disliked

Nice try but these gambling muppets won't listen!

Ignored

gambling muppets may be the euro bulls hahaha market is like casino gambling gambling gambling eaither win or loose
no charts say euro or gbp must be here now gambling & luck luck luck is the market ruler

Quoting Aaryan

Disliked

In my Divergence Indicator in Daily/Weekly it classical bull in Eur/USD and reverse would be 1.496 classical bearish then god and top authorities knows

Ignored

daily charts eurousd gbpusd show total divergence draw the lines right
both pairs now very overbought- maximum Top
drawback to 1.29 and 1.55 first after fall more further
market is mixed now too much flow, must hold on for now and absorb bulls as much as possible to maintain resistance for pull down later

ianu3428

Jan 25, 2012 12:32pm

Theres your entry for tommorow folks
gbp/usd 1.5616-1.5644 sell target min 90pips from todays high
eur/usd 1.3063-1.3100 sell target min 90 pips from todays high
good luck

Scientist

Jan 25, 2012 12:37pm

Quoting covs67

Disliked

This statement had a minimal impact on USD!

Ignored

Really?

lancelot41

Jan 25, 2012 12:44pm

Eur will go Short on FOMC and until Friday the price will close on 1.2934!

Scientist

Jan 25, 2012 12:44pm

I'll tell you at 00:01, for a very low price. Limited offer only

Quoting chazzle

Disliked

can anyone tell me what tonight's exact closing price will be please

Ignored

lancelot41

Jan 25, 2012 12:51pm

Divergenve on 4H eur/usd is still holding. Small players are all out (stops). Big players will go short.

Jan 25, 2012 1:06pm

Here's the sell, hope none of you entered at the top

Jan 25, 2012 1:26pm

looks like 1.3050 will be the new support for euro, it will only go up from here

Jan 25, 2012 1:30pm

Quoting bbakker

Disliked

ROFL

Ignored

LOL

mima

Jan 25, 2012 1:57pm

all above useless comments

Jan 25, 2012 2:21pm

gold up or down

Jan 25, 2012 2:25pm

Quoting bbakker

Disliked

Not as useless as your farting comments... lol

Ignored

ahahahahha

Trader#87B9

Jan 25, 2012 3:15pm

Crikey! What a mix of abilities

Quoting bbakker

Disliked

Japan has been waiting nearly 20 years for their inflation, printing Yen like there is no tomorrow and it still hasn't materialised! It will one day but nobody knows when that day will come!

Ignored

I did not hear about Japan printing money - but that doesn't mean they are not. One thing Japan shares with Germany is a srong production of quality products sought-after around the world. German has a strong balance of trade and that will drive up the Euro until all the other euro-countries have bigger combined deficits. ....which may not take long.
1.32 looks like a possible short entry to me.

shimmering

Jan 25, 2012 3:34pm

Are you talking about SNB intervention Friday tomorrow? I hope the USD/CHF goes up and the EUR/USD falls!

Trader#87B9

Jan 25, 2012 3:47pm

Quoting bbakker

Disliked

http://en.wikipedia.org/wiki/Quantit...asing#In_Japan
http://currencythoughts.com/2008/12/...-then-and-now/

You just need to look in the right places to find the right information. Did QE work for Japan? Where is their inflation and why did it not weaken their currency? How do you think they are paying for their interventions?

Adios amigos!

Ignored

They suffered an 87% decline in commercial property values, and a 75% crash in their stock market. I suspect their inflation occurred before the demise. I personally think the UK is headed the same way. 20 years? please God (no-one else can help).
Thanks for the link, I will read it. Cheers

Trader#8314

Jan 25, 2012 11:39am

f@""K , help!!! south or north????? EUR/USD

Trader#5E36

Jan 25, 2012 11:47am