EURUSD

The fact that she said that the Fed cannot wait until inflation is back to 2% is kind of hawkish for her imo. We all know inflation won't reach 2% by the time they hike, but for a dove like her to state it outright has me leaning to not so fast on the "June is a definite no-go" camp..

If next Friday's NFP turns out another +290k figure and we get just a tiny surprise in wage inflation, June meeting will be the main event of the year.

Hardly moved, even UJ has more action...

i am already taking short from 1.0930...


late to give point entry....

i am full margin ...

hope my account have no blowjob

- 2 - serious consideration to beginning to reduce later this year some of the extraordinary monetary policy accommodation currently in place. Although the recovery of the labor market from the deep recession following the financial crisis was frustratingly slow for quite a long time, progress has been more rapid of late. The unemployment rate has fallen markedly over the past few years and now stands at 5.5 percent, down from 10 percent at its peak. Payroll gains have averaged 275,000 per month over the past year, well above the pace needed to sustain further declines in the unemployment rate. Of course, we still have some way to go to reach our maximum employment goal. The unemployment rate has not yet declined to the 5.0 to 5.2 percent range that most FOMC participants now consider to be normal in the longer run. Involuntary part-time employment remains high by historical standards. Labor force participation is still somewhat lower than I would expect after accounting for demographic trends.1 And wage growth continues to be quite subdued. But I think we can all agree that the recovery in the labor market has been substantial.

I am cautiously optimistic that, in the context of moderate growth in aggregate output and spending, labor market conditions are likely to improve further in coming months. In particular, and despite the somewhat disappointing tone of the recent retail

The Committee's decision about when to begin reducing accommodation will depend importantly on how economic conditions actually evolve over time. Like most of my FOMC colleagues, I believe that the appropriate time has not yet arrived, but I expect that conditions may warrant an increase in the federal funds rate target sometime this year. So let me spell out the reasoning that underpins this view.
- 5 - be consistent with further substantial gains. A modest increase in the federal funds rate would be highly unlikely to halt this progress, although such an increase might slow its pace somewhat. Second, we need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policymakers cannot wait until they have achieved their objectives to begin adjusting policy. I would not consider it prudent to postpone the onset of normalization until we have reached, or are on the verge of reaching, our inflation objective. Doing so would create too great a risk of significantly overshooting both our objectives of maximum sustainable employment and 2 percent inflation, potentially undermining economic growth and employment if the FOMC is subsequently forced to tighten policy markedly or abruptly. In addition, holding rates too low for too long could encourage inappropriate risk-taking by investors, potentially undermining the stability of financial markets. That said, we must be reasonably confident at the time of the first rate increase that inflation will move up over time to our 2 percent objective, and that such an action will not impede continued solid

until they have achieved their objectives to begin adjusting policy. I would not consider it prudent to postpone the onset of normalization until we have reached, or are on the verge of reaching, our inflation objective. Doing so would create too great a risk of significantly overshooting both our objectives of maximum sustainable employment and 2 percent inflation, potentially undermining economic growth and employment if the FOMC is subsequently forced to tighten policy markedly or abruptly. In addition, holding rates too low for too long could encourage inappropriate risk-taking by investors, potentially undermining the stability of financial markets. That said, we must be reasonably confident at the time of the first rate increase that inflation will move up over time to our 2 percent objective, and that such an action will not impede continued solid growth in employment and output. An important factor working to increase my confidence in the inflation outlook will be continued improvement in the labor market. A substantial body of theory, informed by considerable historical evidence, suggests that inflation will eventually begin to rise as resource utilization continues to tighten.2 It is largely for this reason that a

Full margin?! Very risky, hope you're holding it for very short term. Not over weekend. Anything can happen over the weekend mate.

i will close before weekend

my "full margin" is 6%

Had me nervous. Haha didn't mean to jump down your throat.. Understood. Good trade then! Looking to stay below 0900 into the close. Green pips to you!

need to hold below 0882

For..?

bears to take control i guess

to shoot for 0808 or 0814

Thanks Gator.

atm all they did was check yesterday's close, unimpressive so far

its all about the falling tl weekly more than likely blue Sunday night ,consolidation week

if nothing extra ordinary happens it seems this is going to be the 9th "bear" month in a row.... is that a record ?

if nothing happens soon, it may be reconsider time.. bbl.. she is still qa

its not bearish as is ,my guess be a bit better

just finished and her last comment/thought about negative rates was astonishing

well i wasnt talking whether its a bearish or bullish overall (although i am on the bearish site)... but rather as a bearish candle

i dont remember seeing 9 month candles bearish or bullish on this pair (or others but i cant vouch for it)