Minutes of the Federal Open Market Committee | Forex Factory

  • Minutes of the Federal Open Market Committee

    From federalreserve.gov Story is in PDF Format

    In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets. The deputy manager followed with a review of System open market operations conducted during the period since the Committee met on January 27–28, 2015. The deputy manager also discussed the outcomes of recent tests of supplementary normalization tools—namely, the Term Deposit Facility (TDF) and term and overnight reverse repurchase agreement operations (term RRP operations and ... (full story)

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Bakker
Apr 8, 2015 2:10pm
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Quoting Ratmach
Yeah figuring that one out too. Nasty hobbitses somewhere doing all kinds of nasty things!

As for which way it's going.... yeah, while I'm leaning toward down, I wouldn't bet a ton on that. Esp. the talk of parity... got a long way to go for that, so even if it happens I don't think it's gonna be nearly as soon as some think.
You can't trade on your feelings, you should add some indicators to your charts, like moving averages and support/resistance lines.
Reply
michaelpelly
Apr 9, 2015 12:01am
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Quoting Bd888
June rate hike is not coming so far as Fed trying to say. Few members want later this year and few members are next year.

Fed is just playing with the market. May be rate hike would be at November later this year.
I don't think FED is so far concerned with the FX market, but if you say so...:-)
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michaelpelly
Apr 9, 2015 12:04am
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Quoting alexpi
Read up on what 'stop run' means. This is what we've had for the last 3 days

Either way, the market hasn't given a clear direction yet, don't bet the farm on eurusd short or long just yet Correction to 1.11/1.12 is looking more and more likely though
I would not trade EUR/USD pair with leverage - rather more like hedge fund - buy weak euro against strong dollar and leave it in the bank for couple months.
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Exodus
Apr 9, 2015 5:07am
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Quoting michaelpelly
I would not trade EUR/USD pair with leverage - rather more like hedge fund - buy weak euro against strong dollar and leave it in the bank for couple months.
ECB is running QE and TLTRO for 15 months. Too soon to buy EUR - unless you are planning summer holiday
Reply
Exodus
Apr 9, 2015 5:15am
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Quoting Guest
this FOMC statement is neither hawk nor dove. it is the fakawi bird. no jokes - google "fakawi bird" and you will see that this is a real bird. sometimes used in the expression "where the fakawi?"
This is an example of how.......

The Fakawi are a tribe of pygmies who live in the elephant grasses on the plains in Africa. Their hunting trips last for days. They quickly succeed in trapping their prey, and then spend many hours trying to get back to their homes. They do this by calling out to their families, and occasionally can be seen jumping up to get a view of the surroundings whilst calling out....
Reply
Exodus
Apr 9, 2015 5:19am
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First ten posts here:- buy?? sell?? dovish? hawkish??

2 minutes later FF posts link to Bloomberg article with a summation of what the minutes contain - much easier to read too

Quoting michaelpelly
I would rather wait for Goldman Sachs to give me some wise clues :-).
GS?? Wise clues??
Reply
Ratmach
Apr 8, 2015 1:45pm
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Quoting AdyFMP
Do none of you watch the dollar index?
I'm new to Forex trading (a few months), and honestly until seeing it talked about here I didn't even realize there WAS such a thing as a dollar index... I mean something separate from individual exchange rates. But now I'm beginning to figure it out, and yeah... from what I'm hearing, it seems that it's pretty positive (meaning EUR/USD continues its slow decline, I suppose?)
Reply
Ratmach
Apr 8, 2015 2:03pm
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Yeah figuring that one out too. Nasty hobbitses somewhere doing all kinds of nasty things!

As for which way it's going.... yeah, while I'm leaning toward down, I wouldn't bet a ton on that. Esp. the talk of parity... got a long way to go for that, so even if it happens I don't think it's gonna be nearly as soon as some think.
Reply
Ratmach
Apr 8, 2015 2:24pm
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Yeah, I'm halfway joking. My charts are FAR simpler than a lot I see around here, but I at least use a simple MA and a stoch oscillator where I keep an eye on moves toward a 50% line. I'll admit I'm still a little sketchy on S/R lines though... some I'm sure of, others... hmm.

Anyway, so far a pretty high % of my trades are winners, so that's cool. The only real issue I've had up till now is -- as you say -- trying to keep feelings/emotions out of it. It's the old "not holding on to losers" thing. I need a big red icon that starts flashing when something goes against me, saying "You were WRONG! Deal with it! Close this thing NOW!" Yeah, I'm scalping and it works fine without a hard SL... on about 90% of the trades. It's that other 10% that are the issue (and makes me think I should just start going with a small SL).
Reply
irongoose
Apr 8, 2015 2:44pm
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Seems to me nothing has changed and The Fed still has a data dependent outlook on raising rates which equates to natural at this time. The way to trade the dollar now is to watch what other Central Banks on the other side of the dollar are doing or are continuing to do.
Reply
Bd888
Apr 8, 2015 1:43pm
Permalink
June rate hike is not coming so far as Fed trying to say. Few members want later this year and few members are next year.

Fed is just playing with the market. May be rate hike would be at November later this year.
Reply
alexpi
Apr 8, 2015 1:56pm
Permalink
Quoting Ratmach
I'm new to Forex trading (a few months), and honestly until seeing it talked about here I didn't even realize there WAS such a thing as a dollar index... I mean something separate from individual exchange rates. But now I'm beginning to figure it out, and yeah... from what I'm hearing, it seems that it's pretty positive (meaning EUR/USD continues its slow decline, I suppose?)
Read up on what 'stop run' means. This is what we've had for the last 3 days

Either way, the market hasn't given a clear direction yet, don't bet the farm on eurusd short or long just yet Correction to 1.11/1.12 is looking more and more likely though
Reply
alexpi
Apr 9, 2015 12:26am
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Quoting michaelpelly
I would not trade EUR/USD pair with leverage - rather more like hedge fund - buy weak euro against strong dollar and leave it in the bank for couple months.
Not trading EURUSD either, but given how much mass media coverage there has been all over the internet on the fact that GBP always drops pre-election I'm thinking we might see a solid leg up on GBPUSD for this month.

For kicks and giggles as the English say
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Tony112
Apr 8, 2015 1:12pm
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Quoting mrbandwidth
Fuckish or fuckish?

LOL x 10. EPic
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Bakker
Apr 8, 2015 1:46pm
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Sell $ because Eur is staging a comeback.
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Bakker
Apr 8, 2015 2:20pm
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Whose messing around with the Eur? Must be those Hedge funders defending their stance on the Eur.
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Bakker
Apr 8, 2015 2:34pm
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Not at all, the guy said he's new to trading!!
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Bakker
Apr 8, 2015 2:36pm
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spaceduck, man I like your profile photo, its hilarious!!
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Ill-b-back
Apr 8, 2015 1:28pm
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Haw-vish
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Exodus
Apr 8, 2015 1:15pm
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The answer is..... "Bloomberg" !!
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michaelpelly
Apr 8, 2015 11:57pm
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Quoting Exodus
The answer is..... "Bloomberg" !!
I would rather wait for Goldman Sachs to give me some wise clues :-).
Reply
michaelpelly
Apr 8, 2015 11:58pm
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Quoting Dr.Zain
might be a surprise on Gbp rate decision today~~
Don't be so cruel to me - my longs from 1.46-1.47 zone will go to space! :-)
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JimDandy
Apr 8, 2015 1:14pm
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hawkish? dovish? this is for the birds.. I don't have a hawkish button... buy or sell dollar?...LOL
Reply
Dr.Zain
Apr 8, 2015 1:07pm
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Quoting noypi
dovish or hawkish?
2nd
Reply
Dr.Zain
Apr 8, 2015 1:13pm
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Quoting donaldkeram
official split
means Hawkisk as previously the members were agree not to hike rate till end of year
Reply
Dr.Zain
Apr 8, 2015 11:29pm
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might be a surprise on Gbp rate decision today~~
Reply
Lamira
Apr 8, 2015 1:10pm
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Quoting AdyFMP
Gimme an hour to read it 'n I'll get back to ya!
Ahahaha. .. I'll wait for you ☺
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jerept
Apr 8, 2015 1:08pm
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oh yeah really hwkish
Reply
jerept
Apr 8, 2015 1:16pm
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look a little bit dovish
Reply
jerept
Apr 8, 2015 1:24pm
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Quoting forexpipss
Dovish. $EURUSD to 1.12 GBPUSD to 1.52
loool GBPUSD with the election soon I advise you not to touch it
Reply
spaceduck
Apr 8, 2015 2:31pm
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Quoting Bakker
You can't trade on your feelings, you should add some indicators to your charts, like moving averages and support/resistance lines.
lol

(you was sarcastic, right?)
Reply
XuMar
Apr 8, 2015 1:12pm
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The strong dollar will make Fed to hold gun, beware if dollar is gone to farrr
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sahraie
Apr 8, 2015 1:03pm
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hawkish or dovish ?
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almonleng
Apr 8, 2015 1:10pm
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Hard to tell yet...
Reply
alexpi
Apr 8, 2015 1:37pm
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Quoting Guest
buy USD, soon or late they will increase rates
Yeah, thank god I have millions in the bank that will provide me liquidity for the next 1/2/5/6/12 months
Reply
senanata
Apr 8, 2015 1:40pm
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Quoting mrbandwidth
Fuckish or fuckish?
LOL...u're so funny LOL
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mrbandwidth
Apr 8, 2015 1:07pm
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Fuckish or fuckish?
Reply
Xenn
Apr 8, 2015 1:07pm
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hawkiiishhh
Reply
Gregory_
Apr 8, 2015 1:06pm
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Huge section on normalization.
Reply
Gregory_
Apr 8, 2015 1:25pm
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At the end, "... they generally saw the new language as providing the Committee with the flexibility to begin raising the target range for the federal funds rate in June or at a subsequent meeting."
Reply
dodbonvis
Apr 8, 2015 1:17pm
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sell girlfriend buy a bacan
Reply
Yossuan
Apr 8, 2015 1:12pm
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its about bla-bla-bla, no rate hike in june, and I am not sure that will hike in sweet september
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vann
Apr 8, 2015 1:14pm
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sell dolar or buy?????
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adie
Apr 8, 2015 1:17pm
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sell dollar LOL!..
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Yossuan
Apr 8, 2015 1:30pm
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Quoting Guest
buy USD, soon or late they will increase rates
LOL
Reply
Rashidtrade
Apr 8, 2015 1:13pm
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bitcheiss
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noypi
Apr 8, 2015 1:03pm
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dovish or hawkish?
Reply
shahmoradi
Apr 8, 2015 11:59pm
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June rate hike depend with eurozone polices.
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AdyFMP
Apr 8, 2015 1:08pm
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Gimme an hour to read it 'n I'll get back to ya!
Reply
donaldkeram
Apr 8, 2015 1:09pm
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official split
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StripedCat
Apr 8, 2015 1:09pm
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Dovish. Sell USD.
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henryfekok
Apr 8, 2015 1:12pm
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Quoting AdyFMP
Gimme an hour to read it 'n I'll get back to ya!
read the article or read the chart?
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hoza
Apr 8, 2015 1:17pm
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get ready for big boy tomorrow GBP
Official Bank Rate
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scottr89
Apr 8, 2015 1:19pm
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BUY the Dow
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momo1111
Apr 8, 2015 1:20pm
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hawkish, atleast the market seems to think so look at the dollar index and how dollar is performing agst other currencies...
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forexpipss
Apr 8, 2015 1:22pm
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Dovish. $EURUSD to 1.12 GBPUSD to 1.52
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AdyFMP
Apr 8, 2015 1:37pm
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Do none of you watch the dollar index?
Reply
aman4forex
Apr 8, 2015 1:44pm
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Snee----eeezish.

)
Reply
momo1111
Apr 8, 2015 2:28pm
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Quoting AdyFMP
Do none of you watch the dollar index?
thats what i have been saying....
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Trader#B051
Apr 8, 2015 1:04pm
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So, how bad is it?
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Trader#5CDE
Apr 8, 2015 1:06pm
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At end of minutes is "jections.
As with real activity and inflation, the outlook for the future path of the federal funds
rate is subject to considerable uncertainty"
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Trader#797A
Apr 8, 2015 1:07pm
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hawkish. compared to expectations post-meeting this has definitely gotta be more hawkish than what the market adjusted for
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Trader#169A
Apr 8, 2015 1:14pm
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Look at technicals and the usdollar chart is forming a bullish flag therefore i am bullish on usdollar bearish on eurusd
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Trader#D8BB
Apr 8, 2015 1:18pm
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look at the dollar index fellas, hawkish, market thinks its hawkish thats what matters
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Trader#B793
Apr 8, 2015 1:26pm
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buy USD, soon or late they will increase rates
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Trader#7211
Apr 8, 2015 1:36pm
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Quoting Guest
buy USD, soon or late they will increase rates
Tru Dat!
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Trader#D46B
Apr 8, 2015 1:43pm
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Nobody won't start buying the US product's till the dollar is weak.. all nations starting manufacturing because of the Strong Dollar.
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Trader#D46B
Apr 8, 2015 1:47pm
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Nobody will start buying the US product's till the dollar is weak.. all nations starting manufacturing because of the Strong Dollar.
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Trader#8966
Apr 8, 2015 1:51pm
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this FOMC statement is neither hawk nor dove. it is the fakawi bird. no jokes - google "fakawi bird" and you will see that this is a real bird. sometimes used in the expression "where the fakawi?"
Reply

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