FOMC Statement | Forex Factory

FOMC Statement | Forex Factory

FOMC Statement

From federalreserve.gov

Information received since the Federal Open Market Committee met in May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown further improvement in recent months, on balance, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened further, but fiscal policy is restraining economic growth. Partly reflecting transitory influences, inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable. Consistent with its ... (full story)

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Jun 19, 2013 2:06pm

The ma crossover last month on the monthly chart pulled wide open to the downside. The pullback from current top was kick started with Ben's announcement and momentum is building as we speak. So the move from here till the end of June we'll give a good indication which way for the rest of the year. A level to watch for a further break down is 1.2990.

Happy trading!!!

Jun 19, 2013 2:26pm

Quoting harry23

Disliked

back 1.336 in a hurry

Ignored

I think a lot of damage was done...going to have lot of resistance at 1.3300, 1.3330, and 1.3350. Lets see if it can break those first...if so, 1.3380-3400 is another resistance area. If we get rejection at one of these levels...I would start to look for Selling the Rallies and the start of a downtrend on e/u.

Now if it can get back above 1.3400...then the uptrend should continue. Just imho.

Jun 20, 2013 5:16am

Yeh 1.32 was wrong, should have been 1.3250, but hey.....

I am glad technical analysis is working for you, but as you know it is not the only way to trade. People who use fundamental data need to listen to BB to extract any change in sentiment, and those with less experience will scrabble to understand market behaviour when it surprises.

Also, some of us are here in part for the entertainment ....

Quoting DemoAntares

Disliked

Technical analysis exists for this sole purpose: to null these kinds of statements:

''usd will continue to go up , including eu''
or

...
or

....

U are worse than noobs - I c same ppl getting back for more hammering for a year now. One thing I can say to u ''wisdom writers'' - stop trading, start educating yourself (I suggest Douglas's Trading in Zone for starters and work with paper money for at least 6 months)

Ignored

The most useful warning you could have given is to advise that nobody should make a trade based upon anything written here. Apart from the usual scattering of egotists there are the sharks, agents for the likes of GS and JPM, who are working on their own agenda.

A few days ago a member posted this reference which I think sums-up the situation very accurately. ...and for basics there is an excellent school on BabyPips.com

Good trading to you buddy

Jun 21, 2013 1:12am

Quoting str8bullish

Disliked

Gold will go back up when inflation will rise... Inflation "adjusted" will take gold to $2000/Oz by 2017 when the Demand in the US will be back up, China will be back on track and growth in Europe will b showing up again

Ignored

I think not, the reason that gold began its rise was simple panic due to the world-wide collapse of banks and a realisation that maybe nothing was 'safe'. Then speculative trading took over as paper-gold pushed higher. Since the end of last year that has started to unwind it seems. Now the US$ is getting stronger and that is pushing the price down; this will continue for the time being as China continues to slow.

All IMHO of course. Gold will one day reach $2000, probably oil will be $250 also.

Jun 19, 2013 1:09pm

Quoting Narnold1

Disliked

great news? read the report but didn't see anything concrete personally... someone with a lot of experience please elaborate

Ignored

It is Dollar bullish bro, the key part being the 'decreased downside risks'

Jun 19, 2013 1:11pm

Quoting Sixfour

Disliked

In the statement..........

Ignored

the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month

Jun 20, 2013 3:21am

U guys should all learn and read books instead of asking yourself where and why is a certain security going because someone said something...If u truly believe that u can choose a correct direction of a security in play by analysing something someone said and thereby concluding based on your extensive knowledge on the macroeconomy and psychology - ask yourself how big is your ego and why do u shiver always when u enter a position.
Since I limited myself on 3 trades per week I have doubled my account. I have waited for eur to reach 1,34 for 3 weeks now and now I am short at 1,34 and at 1,32 (at 1,32 was wrong to stay but I stayed since I can afford it). I have absolutely no idea what bb said, 1,34 short was technically justified and that was all that matters. I have completely stopped reading news regarding policies (I do keep track of pmi and nfp figures though).

Jun 20, 2013 3:34am

Technical analysis exists for this sole purpose: to null these kinds of statements:

''usd will continue to go up , including eu''
or
''back 1.336 in a hurry''
or
''theyre saying "trust us" selling USD on teh world like it was a used car.''
or
''bernanke says purchases to end by mid 2014, may tamper by end of this year...''
or
''if 85 billion is intact until unemployment at 6.5 then why are stocks going down?''
........................................
U are worse than noobs - I c same ppl getting back for more hammering for a year now. One thing I can say to u ''wisdom writers'' - stop trading, start educating yourself (I suggest Douglas's Trading in Zone for starters and work with paper money for at least 6 months)

Jun 20, 2013 5:42am

True my friend!

Nobody can teach u how to make/lose money - it needs to be experienced in much pain and sweat. I liked the article, have a lot in common with the guy, only it took me 2 years to get consistent with profits (and 10k USD). The hell, from last 12 trades, all 12 accurate, 4 of which took maximum profit on a given time frame.
The problem is no matter who is trashing these forums or making it so transparent - they are doing a lousy job (whether it's JPM or GS, who cares) because after u read a few psychology articles (that is if u know that trading IS psychology and is no different than going to the grocery market in the morning) - any noob who wants to make a mistake reads thoroughly these 'notes' here and is guaranteed a 100% loss. I've completely stopped reading this forum but as u said - it is nice for fun sometimes (and gloating)

.
For once I would like ppl/noobs to read these things and like this article u showed me and learn something from it (if their brain/ego allows it) - I think the world need s more good traders so that banksters should have a harder shot at our money and maybe, just maybe one day we might be powerful enough to put them to jail or to stop them wasting our money.

Jun 20, 2013 5:51am

One more thing - only one book - Trading in zone - is THE BIBLE of not only trading - it is the cornerstone of psychology and as Jessie Livermoore said once: ''If u want to find out what kind of man u are, start trading''. I'm not selling the book U can find it on any torrent site i can think of), the hell I can't even remember the name of Douglas guy (it's not Michael I suppose) but I have been reading it constantly for 5 years...The book altogether has 5 charts

and 500 pages. Anyway, that is the only item I think would/should help a new wannabe trader not to waste too much money if he/she is opened to mastering his/her own emotions.

Jun 20, 2013 6:08pm

Quoting str8bullish

Disliked

Gold will go back up when inflation will rise... Inflation "adjusted" will take gold to $2000/Oz by 2017 when the Demand in the US will be back up, China will be back on track and growth in Europe will b showing up again

Ignored

By that time, since growth will be caused by excessive money printing, a kilogram of bread will cost more than kilo of gold.

Jun 19, 2013 1:16pm

Quoting inpatient

Disliked

Bro if they cut the $40 Billion the shock would have been massive on currencies and equities

Ignored

Yes true, I actually misread the statement. Anyone who read my previous 2 posts was a misread. Appologies to all on that note. :>.<

Jun 19, 2013 1:11pm

“The committee sees downside the risks to the outlook for the economy and the labor market as having diminished since the fall,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington.

This is the statement that gives a good idea of what they will do

Very good news for the US economy.

PS HAving said that.....Do not be suprised if euro/usd turns at the end of the day...

Jun 19, 2013 1:30pm

Quoting mShahzaib

Disliked

it does not it means they are sticking with 85 billion only

Ignored

No the purchase were always 40 billion per month on Mortage asset backed and 45 billion per month on longer term treasuries

Jun 19, 2013 1:31pm

“The committee sees downside the risks to the outlook for the economy and the labor market as having diminished since the fall,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington.

This is the statement that gives a good idea of what they will do
Once again quote on quote from the report...I believe this is the major change in the statement compare with the previous ones

Jun 19, 2013 1:34pm

Quoting mShahzaib

Disliked

what idea does this statement give please elaborate ?

Ignored

Well it speaks on its own

basically they believe that risks to US economy are not there as it used to be last October...I believe that this a clear indication that they will tapper the bond buying within the next three months

Jun 19, 2013 1:42pm

Quoting mShahzaib

Disliked

indeed but for the time being i guess he has tackled the situation well which will help stocks move up?

Ignored

Yes stocks most probably will move up...economy is good so as POLOZ of CANADA (BOC) said let the nature play its role

Jun 19, 2013 1:43pm

POLOZ: SAID FED WITHDRAWAL OF STIMULUS WOULD AT SOME POINT FOLLOW THE LAWS OF NATURE

what a true statement..I had gthe pleasue to meet the guy when i was working in Montreal many years ago.. A very wise choice for Governor of The BOC

Jun 19, 2013 2:10pm

Quoting Bakker

Disliked

The ma crossover last month on the monthly chart pulled wide open to the downside. The pullback from current top was kick started with Ben's announcement and momentum is building as we speak. So the move from here till the end of June we'll give a good indication which way for the rest of the year. A level to watch for a further break down is 1.2990.

Happy trading!!!

Ignored

Agree

Jun 19, 2013 2:12pm

Quoting mShahzaib

Disliked

thankx for the tip made a few bucks in a couple of minutes

Ignored

Thank you but be careful It is better not to trade at this point....Or if you trade trade small lots very small

Jun 19, 2013 2:15pm

FED'S BERNANKE - OUR ASSESSMENT IS THAT MBS MARKET IS STILL QUITE A HEALTHY, FUNCTIONAL MARKET

Fantastic wording they are trying to protect the Bond market. Together with the statement that they will not sell any time soon what they bought will help stabilize the Bond market and the stock market as well

Jun 19, 2013 4:09pm

i have a question about the day after FOMC. and the question is for those who have been through various FOMC statements in the past.

i'm keen to know what happens on the day after FOMC, and would like to set up a trade accordingly.

on the immediately next day, does the same trend continue as was seen after FOMC? or on the next day, is there a partial retracement/ correction of the change that was seen after FOMC?

what does your experience say?

Jun 19, 2013 1:18pm

It's a down year for the Euro

Jun 19, 2013 3:10pm

Quoting eleste

Disliked

usd will continue to go up , including eu

Ignored

This is the best remark I've heard in a long, long time.

Jun 19, 2013 1:17pm

Quoting inpatient

Disliked

both down

Ignored

Jun 19, 2013 1:34pm

All those economic indicators are due to trillions of dollars of fed money printing. It is false. It has created a bubble. When it bursts it will make 2007 look like a picnic. Downside risk is huge

Jun 19, 2013 6:09pm

Quoting jaygee

Disliked

sleep is overrated

Ignored

Really...lol

Who could sleep on a golden opportunity day like this? Not me.

Jun 19, 2013 1:30pm

Quoting mShahzaib

Disliked

if 85 billion is intact until unemployment at 6.5 then why are stocks going down?

Ignored

I believe stocks will continue up, but wait a while to see what happens.

Jun 20, 2013 12:44am

Quoting jaygee

Disliked

sleep is overrated

Ignored

I quite agree .....

Jun 19, 2013 1:09pm

don't confuse usd become strengthen ,so sell eurusd ,gbpusd, all except yen pairs ?

Jun 19, 2013 1:49pm

hey guys, newbie q. how come yen drops??

Jun 19, 2013 1:57pm

if any positive statement from Boj ,then only yen move,otherwise no chance ?

Jun 20, 2013 7:39am

good article..

Jun 20, 2013 9:08am

lol

Jun 19, 2013 1:41pm

Quoting M.A.C.Doug

Disliked

All those economic indicators are due to trillions of dollars of fed money printing. It is false. It has created a bubble. When it bursts it will make 2007 look like a picnic. Downside risk is huge

Ignored

r u taking buy at 9300

Jun 20, 2013 9:40am

Gold will go back up when inflation will rise... Inflation "adjusted" will take gold to $2000/Oz by 2017 when the Demand in the US will be back up, China will be back on track and growth in Europe will b showing up again

Jun 19, 2013 1:09pm

Quoting Sixfour

Disliked

They are cutting their asset purchases in half by 40 billion. USD long.

Ignored

????

Where did you see this?

Jun 19, 2013 1:11pm

Bro if they cut the $40 Billion the shock would have been massive on currencies and equities

Jun 19, 2013 1:12pm

Quoting mShahzaib

Disliked

what is future of stocks and gold?

Ignored

both down

Jun 19, 2013 1:13pm

Quoting Marsfx

Disliked

PS HAving said that.....Do not be suprised if euro/usd turns at the end of the day...

Ignored

Will depend on the Euro bro, keep an eye on ECAD for clues

Jun 20, 2013 7:49am

Yeah...the quality of my syntax here is what this is about...go empty UR ego on someone who cares. Moron.

Jun 19, 2013 1:21pm

many gamblers

Jun 19, 2013 1:28pm

Quoting rickq

Disliked

now i short aussie 0.9432 how about that idea?? great or not??

Ignored

Smart

Jun 19, 2013 1:40pm

I don't understand this movement at all, glad I didn't trade today,you know what they say? When in doubt stay out.

Jun 19, 2013 1:43pm

Maybe this is the last pump and dump of the season on the dollar.

Jun 19, 2013 1:49pm

We haven't seen anything like this since "We will save the Euro" LOL

I Just don't understand it !

Jun 19, 2013 2:15pm

back 1.336 in a hurry

Jun 19, 2013 1:08pm

They are cutting their asset purchases in half by 40 billion. USD long unless Bennie has something diferent to add in his speech.

Jun 19, 2013 1:09pm

In the statement..........

Jun 19, 2013 1:11pm

Keep in mind that they are still maintaining 85 billion in Bond buying. Wait for bennies speech to make any move

Jun 19, 2013 1:35pm

but then again let us see what Ben has to say in a few minutes

Jun 19, 2013 1:38pm

FED'S BERNANKE - STRONG MAJORITY NOW EXPECTS FED WILL NOT SELL MBS DURING PROCESS OF NORMALIZING POLICY
Ok that means that they will not sell what they bought so Bond market does not face risks

Jun 19, 2013 1:45pm

Now this is getting too much for a drop....I am short but i do not like what I see

Jun 19, 2013 2:09pm

Quoting mShahzaib

Disliked

u think stocks going to go down?

Ignored

I believe that they might corect a bit.But the trend will be up. Financial shares and Banks may face a bigger issue

Jun 19, 2013 1:33pm

AUS : Down I think will touch 9300 I am waiting for that point

Jun 19, 2013 2:08pm

I am Going to Buy AUS (Y)

Jun 19, 2013 5:23pm

i wake up from sleep , and wtf, 4 hours ago i saw big candle in my chart
and this is the reason usd strong?

Jun 19, 2013 1:08pm

USD great movement .. time to turn your direction ..

Jun 19, 2013 1:20pm

"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 decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month."

Does this mean they are ADDING 40 Bill per month to 125 Billion?

Jun 19, 2013 1:21pm

Quoting Narnold1

Disliked

"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 decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month."

Does this mean they are ADDING 40 Bill per month to 125 Billion?

Ignored

it does not it means they are sticking with 85 billion only

Jun 19, 2013 1:33pm

Quoting Marsfx

Disliked

“The committee sees downside the risks to the outlook for the economy and the labor market as having diminished since the fall,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington.

This is the statement that gives a good idea of what they will do
Once again quote on quote from the report...I believe this is the major change in the statement compare with the previous ones

Ignored

what idea does this statement give please elaborate ?

Jun 19, 2013 1:37pm

Quoting Malik taxila

Disliked

AUS : Down I think will touch 9300 I am waiting for that point

Ignored

i think AUS is nothimg impossible to go 0.92xx after the fed statement n the RBA still hold 2,75% interest rate the economic projection... hmm..

Jun 19, 2013 1:39pm

Quoting Marsfx

Disliked

Well it speaks on its own

basically they believe that risks to US economy are not there as it used to be last October...I believe that this a clear indication that they will tapper the bond buying within the next three months

Ignored

indeed but for the time being i guess he has tackled the situation well which will help stocks move up?

Jun 19, 2013 1:41pm

Quoting irongoose

Disliked

I don't understand this movement at all, glad I didn't trade today,you know what they say? When in doubt stay out.

Ignored

Quoting irongoose

Disliked

I don't understand this movement at all, glad I didn't trade today,you know what they say? When in doubt stay out.

Ignored

i like the approach when i am staying out until dust settles down...

Jun 19, 2013 2:57pm

Quoting M.A.C.Doug

Disliked

All those economic indicators are due to trillions of dollars of fed money printing. It is false. It has created a bubble. When it bursts it will make 2007 look like a picnic. Downside risk is huge

Ignored

This has been on my mind, it seems like they have solved all the problems without actually solving it.

Jun 19, 2013 1:13pm

Quoting mShahzaib

Disliked

what is future of stocks and gold?

Ignored

down

Jun 20, 2013 7:45am

I bet he didn't spell you like you do. Dumbass

Jun 19, 2013 1:07pm

Good Job!
long usd

Jun 19, 2013 1:04pm

Jun 19, 2013 1:06pm

What a joke bb should quit, and take a holy grail instead..

Jun 19, 2013 1:08pm

great news? read the report but didn't see anything concrete personally... someone with a lot of experience please elaborate

Jun 19, 2013 1:11pm

what is future of stocks and gold?

Jun 19, 2013 1:16pm

in my humble opinion stocks and gold arent going down ? they are going to continue with 85 billion which will help both go up?

Trader#1D24

Jun 19, 2013 1:16pm

Quoting Sixfour

Disliked

They are cutting their asset purchases in half by 40 billion. USD long unless Bennie has something diferent to add in his speech.

Ignored

Wrong, read again. Everything remains the same as before.

Jun 19, 2013 1:17pm

Quoting Sixfour

Disliked

They are cutting their asset purchases in half by 40 billion. USD long unless Bennie has something diferent to add in his speech.

Ignored

where is this coming from?

Jun 19, 2013 1:23pm

Thanks much, it just wasn't clear

Jun 19, 2013 1:25pm

now i short aussie 0.9432 how about that idea?? great or not??

Jun 19, 2013 1:27pm

if 85 billion is intact until unemployment at 6.5 then why are stocks going down?

Jun 19, 2013 1:45pm

bernanke says purchases to end by mid 2014, may tamper by end of this year...

Jun 19, 2013 1:47pm

Quoting Marsfx

Disliked

Now this is getting too much for a drop....I am short but i do not like what I see

Ignored

u think stocks going to go down?

Jun 19, 2013 1:58pm

Quoting irongoose

Disliked

We haven't seen anything like this since "We will save the Euro" LOL

I Just don't understand it !

Ignored

We see lots of like this.Just pass some time.You will see more.

Jun 19, 2013 2:05pm

Is it the end of fire or more left?

Trader#272F

Jun 19, 2013 2:06pm

Quoting g_j_hook@yah

Disliked

hey guys, newbie q. how come yen drops??

Ignored

Japanese Premier Shinzo Abe has already decided that he wants to devalue the Yen by another 50% if he can help it. So I bought at USD/JPY at 95.24. Should start to trend.

Jun 19, 2013 2:07pm

Quoting Marsfx

Disliked

Now this is getting too much for a drop....I am short but i do not like what I see

Ignored

thankx for the tip made a few bucks in a couple of minutes

Jun 19, 2013 2:29pm

I like this area, you can write many stuff. Look at money fall. Goodbye.

Jun 19, 2013 2:51pm

usd will continue to go up , including eu

Jun 19, 2013 2:51pm

usd/jpy > 100

Jun 19, 2013 2:57pm

Quoting Marsfx

Disliked

Thank you but be careful It is better not to trade at this point....Or if you trade trade small lots very small

Ignored

i am out of the market for the time being

Jun 19, 2013 6:02pm

Quoting naidra

Disliked

i wake up from sleep , and wtf, 4 hours ago i saw big candle in my chart
and this is the reason usd strong?

Ignored

sleep is overrated

Jun 20, 2013 8:35pm

Quoting DemoAntares

Disliked

Yeah...the quality of my syntax here is what this is about...go empty UR ego on someone who cares. Moron.

Ignored

LOL dude...best comeback eveeer

Trader#4FA0

Jun 19, 2013 1:10pm

nice, 25 pt in 4min short dow, do it again, Ben. (crapped myself for couple seconds tho, nearly got stopped out)

Trader#0966

Jun 19, 2013 1:42pm

didnt stay out, paid the price

Trader#49C1

Jun 19, 2013 1:52pm

theyre saying "trust us" selling USD on teh world like it was a used car.

Trader#4FA0

Jun 19, 2013 2:00pm

Dow price action on that speech looked like Ben had verbal diarrhea, no trade for me. euro took a much smoother ride down, dang!

Trader#02C0

Jun 19, 2013 2:12pm

Lost 10 bucks out of this. Not fun at all.

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Jun 19, 2013 1:01pm
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High Impact Breaking

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Linked events:

US FOMC Statement

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