EURUSD

anyone have link for this joke..

Yeah just let the news pass, if it shoots up, we'll have another opportunity to take some new short positions, otherwise if it goes down, we're just continuing the downtrend so nothing fancy going on there.

Irrespective of the FOMC the end result will still be a much lower Euro. .
What I'm seeing now is even if it pops up to around 1860sh it will just be a setup for an even deeper drop.

I'll try a small long on profit taking if the hourly holds and closes solidly above.

Meh.

FRB: 2014 All Press Releases

Minutes of the Federal Open Market Committee, December 16-17, 2014

"Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Labor market conditions improved further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household spending is rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow. Inflation has continued to run below the Committee's longer-run objective, partly reflecting declines in energy prices. Market-based measures of inflation compensation have declined somewhat further; survey-based measures of 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 that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators moving toward levels the Committee judges consistent with its dual mandate. The Committee sees the risks to the outlook for economic activity and the labor market as nearly balanced. The Committee expects inflation to rise gradually toward 2 percent as the labor market improves further and the transitory effects of lower energy prices and other factors dissipate. The Committee continues to monitor inflation developments closely.

To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy. The Committee sees this guidance as consistent with its previous statement that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program in October, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored. However, if incoming information indicates faster progress toward the Committee's employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner than currently anticipated. Conversely, if progress proves slower than expected, then increases in the target range are likely to occur later than currently anticipated.

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 and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run."

The longer the US keeps delaying a rate hike the more likely a larger pop could be expected. For now just enjoy the fireworks as price goes up and down and up and down.

Looks like a cut and paste from the last one. Stopped reading after the first paragraph.

shorted uj at 11.9 24

Edit/ will add under 119.14

told u about UJ

perhaps some R at 1888 now me thinks...

1 million profit from sucker player

You are getting old


http://www.federalreserve.gov/moneta...es20141217.htm

Done.

We have lot of support under, wait and see. Be cautious if you trade. My SL is near 36 FYI if need. GL

Yip. Core of sellers trying to claim the level I've got there.

oh im not in yet, but usdjpy is going down. Looking for JPY strength to push gbpjpy down to my targets just watching usdjpy for now.

sell or buy ?

It appears more people are buying EU, but most of them are posting to sell it. Clearly we are on a downtrend on every TF except for the 5m and lower, but the sad reality is since the minutes has been released EU has been in a tight range.

USDJPY
Best setup so far, ABCD H4, invalidation point C, potential target 117.