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  • #854,941
  • Nov 20, 2013 11:05am Nov 20, 2013 11:05am
Quoting Tom_D_Trader
Well I dont see anything like tapering close in that FOMC statement and news are reporting FED is gonna do it sooner. Did they read it in 10 seconds? For christ sake.
were can we read it?!
You can manage risk, but you can't manage the return
  • #854,942
  • Nov 20, 2013 11:05am Nov 20, 2013 11:05am
Quoting mohan76
{quote} http://www.federalreserve.gov/moneta...es20131030.htm

thanks!
You can manage risk, but you can't manage the return
  • #854,943
  • Nov 20, 2013 11:05am Nov 20, 2013 11:05am
Seems like a pretty much non event, but they are dangling that IOER cut a bit.
Twitter: @TrendersGame
  • #854,944
  • Nov 20, 2013 11:06am Nov 20, 2013 11:06am
Hint was already given by Bullard a couple hours ago.

"Many members stressed the data-dependent nature of the current asset purchase program, and some pointed out that, if economic conditions warranted, the Committee could decide to slow the pace of purchases at one of its next few meetings. A couple of members also commented that it would be important to continue laying the groundwork for such a reduction in pace through public statements and speeches, while emphasizing that the overall stance of monetary policy would remain highly accommodative as needed to meet the Committee's objectives."
  • #854,945
  • Nov 20, 2013 11:10am Nov 20, 2013 11:10am
Well, looking ahead theres Eurozone PMIs over night. Eurozone CPI next friday, then NFP on Dec 6th. We should know whether tapering will occur in December by Dec 6th I guess. Im targeting 1.31 at the moment. Good luck all, enjoy the afternoon.
Twitter: @TrendersGame
  • #854,946
  • Nov 20, 2013 11:11am Nov 20, 2013 11:11am
There was no bomb there.
Its Hawkish and very much in line with USD bulls expectations.
They didn't outlined a exact plan but already put next meetings as a timeline so its good.
  • #854,947
  • Nov 20, 2013 11:14am Nov 20, 2013 11:14am
Btw, doesnt that rectangle look good? Taking small partial.
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"I know one thing, that I know nothing." Sokrates
  • #854,948
  • Nov 20, 2013 11:14am Nov 20, 2013 11:14am
Gold showing the way
  • #854,949
  • Nov 20, 2013 11:18am Nov 20, 2013 11:18am
3409 should be the last line for bulls. Not sure I want to short here..
  • #854,950
  • Nov 20, 2013 11:19am Nov 20, 2013 11:19am
Long 1.3425
sl below 1.3415
  • #854,951
  • Nov 20, 2013 11:24am Nov 20, 2013 11:24am
Quoting Tom_D_Trader
Well I dont see anything like tapering close in that FOMC statement and news are reporting FED is gonna do it sooner. Did they read it in 10 seconds? For christ sake. edit: Not sure, but hope I can read: " Accordingly, 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." "To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative...
"the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens."
  • #854,952
  • Nov 20, 2013 11:25am Nov 20, 2013 11:25am
towards 3293
Wherever you go, there you are.
  • #854,953
  • Nov 20, 2013 11:28am Nov 20, 2013 11:28am
or go back to 1.35…..morelikely
  • #854,954
  • Nov 20, 2013 11:31am Nov 20, 2013 11:31am
Quoting TheChef
{quote} "the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens."
I think the fed doesn't have a clue what to do anymore.
  • #854,955
  • Nov 20, 2013 11:31am Nov 20, 2013 11:31am
This line to me is probably the most intriguing line in all the smoke that is the FOMC

"participants also considered scenarios under which it might be appropriate to begin Taper before a further improvement was apparent"
  • #854,956
  • Nov 20, 2013 11:32am Nov 20, 2013 11:32am
Quoting TheChef
{quote} "the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens."
I know, I ve read it. a) They will continue QE. b) Even after it ends, they r gonna stay on highly accomodative stance. c) they´r not gonna end it.
edit: c) was actually not written there, its just my head playing with me. Or maybe not and is between lines.
"I know one thing, that I know nothing." Sokrates
  • #854,957
  • Nov 20, 2013 11:36am Nov 20, 2013 11:36am
Lovely. Now pips are coming through gbp shorts. I might run them until US close.
  • #854,958
  • Nov 20, 2013 11:39am Nov 20, 2013 11:39am
looks like it has started, but the next few days will tell
The fragrance remains in the hands of those that gves the rose
  • #854,959
  • Nov 20, 2013 11:41am Nov 20, 2013 11:41am
few pips below current low then a retrace to 13500/17 hopefully they dont take this bish straight to mid 133's
  • #854,960
  • Nov 20, 2013 11:41am Nov 20, 2013 11:41am
Quoting okosodo
looks like it has started, but the next few days will tell
Nice one:

"The fragrance remains in the hands of those that gives the rose"
Wherever you go, there you are.
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