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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #38,481
  • Jun 20, 2012 11:46am Jun 20, 2012 11:46am
wow, this bit of movement is quickly reversing. profit taking?
  • #38,482
  • Jun 20, 2012 11:49am Jun 20, 2012 11:49am
OK, what is this? Anyone care to explain?
  • #38,483
  • Jun 20, 2012 11:49am Jun 20, 2012 11:49am
Fed Statement

Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending appears to be rising at a somewhat slower pace than earlier in the year. Despite some signs of improvement, the housing sector remains depressed. Inflation has declined, mainly reflecting lower prices of crude oil and gasoline, and longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects economic growth to remain moderate over coming quarters and then to pick up very gradually. Consequently, the Committee anticipates that the unemployment rate will decline only slowly toward levels that it judges to be consistent with its dual mandate. Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee anticipates that inflation over the medium term will run at or below the rate that it judges most consistent with its dual mandate.

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions–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.

The Committee also decided to continue through the end of the year its program to extend the average maturity of its holdings of securities. Specifically, the Committee intends to purchase Treasury securities with remaining maturities of 6 years to 30 years at the current pace and to sell or redeem an equal amount of Treasury securities with remaining maturities of approximately 3 years or less. This continuation of the maturity extension program should put downward pressure on longer-term interest rates and help to make broader financial conditions more accommodative. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. The Committee is prepared to take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Jerome H. Powell; Sarah Bloom Raskin; Jeremy C. Stein; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who opposed continuation of the maturity extension program.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,484
  • Jun 20, 2012 11:49am Jun 20, 2012 11:49am
i think it can be profit taking as well as straggling hopium addicts buying a dip waiting for ben's speech
  • #38,485
  • Jun 20, 2012 11:50am Jun 20, 2012 11:50am
Quoting irfandbl
OK, what is this? Anyone care to explain?

Here you go. Wait till the press conference.
Quoting PipTrapper
Careful. Remember what happened on April 25th. No QE and market fell. Then he said in his press conference that QE is not off the table and the market's rebounded to the high until May 1st.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,486
  • Jun 20, 2012 11:52am Jun 20, 2012 11:52am
Quoting neuron
i think it can be profit taking as well as straggling hopium addicts buying a dip waiting for ben's speech
yeah i think this inverted head and shoulders we are putting in on 1m is just a bull trap, waiting for bens speech then will continue much more down. luckily i took a lot of profit off the table at 2650
An opportunity lost is not a capital cost.
  • #38,487
  • Jun 20, 2012 11:54am Jun 20, 2012 11:54am
Long eu 1.2642 ... sl 1.2645
Attached Image (click to enlarge)
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Bulls Run. Bears Bite. We Profit.
  • #38,488
  • Jun 20, 2012 11:55am Jun 20, 2012 11:55am
got 'n pattern' n spotted hs formation
Attached Image(s) (click to enlarge)
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redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #38,489
  • Jun 20, 2012 11:55am Jun 20, 2012 11:55am
EU Von Rompuy trying to boost the hopiums with more bulls#t!
  • #38,490
  • Jun 20, 2012 11:57am Jun 20, 2012 11:57am
I swear its all BS swissy. someone is making a killing off of this volatility
An opportunity lost is not a capital cost.
  • #38,491
  • Jun 20, 2012 11:57am Jun 20, 2012 11:57am
no more qe3. For sure FED will use this card leter in this year. Still i dont touch any button. As you all said wait and see. i am half optimistic half pessimistic at the moment but tomorrow certainly i will be bearish!
Its not an advice and sorry for grammar.
  • #38,492
  • Jun 20, 2012 11:58am Jun 20, 2012 11:58am
There is Price Action (PA) and there is FOMC and NFP Price Nonsense (PN)
69
  • #38,493
  • Jun 20, 2012 12:01pm Jun 20, 2012 12:01pm
With all these announcements this thing is gonna bounce up and down quickly.
  • #38,494
  • Jun 20, 2012 12:01pm Jun 20, 2012 12:01pm
I got in a few nice trades in all the confusion

short @100.596
sl @ 100.63

took profit @ 100.531

Long @100.536
sl @100.408
tp @101.04
  • #38,495
  • Jun 20, 2012 12:02pm Jun 20, 2012 12:02pm
Funny how both Merkel and Von Rompuy statements hit the newswires 2 minutes after FOMC rate decision, stopping the slide in it's tracks for now. It's like a game of cat and mouse or game of chicken.
  • #38,496
  • Jun 20, 2012 12:03pm Jun 20, 2012 12:03pm
Quoting ferndog
With all these announcements this thing is gonna bounce up and down quickly.
they hunted stop loses and buyers i am not sure whats gonna be but we are on the edge. Next drop down will be real one or if we go up it will be real.
how they call `dumping`
Its not an advice and sorry for grammar.
  • #38,497
  • Jun 20, 2012 12:04pm Jun 20, 2012 12:04pm
Quoting FXSwissTrader
Funny how both Merkel and Von Rompuy statements hit the newswires 2 minutes after FOMC rate decision, stopping the slide in it's tracks for now. It's like a game of cat and mouse or game of chicken.
seriously.
  • #38,498
  • Jun 20, 2012 12:06pm Jun 20, 2012 12:06pm
Quoting FXSwissTrader
Funny how both Merkel and Von Rompuy statements hit the newswires 2 minutes after FOMC rate decision, stopping the slide in it's tracks for now. It's like a game of cat and mouse or game of chicken.
In a nutshell, what did they say???
  • #38,499
  • Jun 20, 2012 12:06pm Jun 20, 2012 12:06pm
"The Committee is prepared to take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability"

Don't rule out the possibility of QE3 ...
  • #38,500
  • Jun 20, 2012 12:09pm Jun 20, 2012 12:09pm
demo this thing guys, volatility can kill your equity
ADD: or micro lot with big accounts
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