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 12:10pm
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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 8, 2015 10:01pm
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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 8, 2015 10:04pm
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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 3:07am
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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 3:15am
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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....
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Exodus
Apr 9, 2015 3:19am
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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 11:45am
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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?)
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Ratmach
Apr 8, 2015 12:03pm
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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 12:24pm
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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 12:44pm
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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 11:43am
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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 11:56am
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 8, 2015 10:26pm
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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 11:12am
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Quoting mrbandwidth
Fuckish or fuckish?

LOL x 10. EPic
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Bakker
Apr 8, 2015 11:46am
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Sell $ because Eur is staging a comeback.
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Bakker
Apr 8, 2015 12:20pm
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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 12:34pm
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Not at all, the guy said he's new to trading!!
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Bakker
Apr 8, 2015 12:36pm
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spaceduck, man I like your profile photo, its hilarious!!
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Ill-b-back
Apr 8, 2015 11:28am
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Haw-vish
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Exodus
Apr 8, 2015 11:15am
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The answer is..... "Bloomberg" !!
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michaelpelly
Apr 8, 2015 9:57pm
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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 9:58pm
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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 11:14am
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hawkish? dovish? this is for the birds.. I don't have a hawkish button... buy or sell dollar?...LOL
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Dr.Zain
Apr 8, 2015 11:07am
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Quoting noypi
dovish or hawkish?
2nd
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Dr.Zain
Apr 8, 2015 11:13am
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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 9:29pm
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might be a surprise on Gbp rate decision today~~
Reply
Lamira
Apr 8, 2015 11:10am
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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 11:08am
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oh yeah really hwkish
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jerept
Apr 8, 2015 11:16am
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look a little bit dovish
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jerept
Apr 8, 2015 11:24am
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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 12:31pm
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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 11:12am
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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 11:03am
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hawkish or dovish ?
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almonleng
Apr 8, 2015 11:10am
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Hard to tell yet...
Reply
alexpi
Apr 8, 2015 11:37am
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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
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senanata
Apr 8, 2015 11:40am
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Quoting mrbandwidth
Fuckish or fuckish?
LOL...u're so funny LOL
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mrbandwidth
Apr 8, 2015 11:07am
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Fuckish or fuckish?
Reply
Xenn
Apr 8, 2015 11:07am
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hawkiiishhh
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Gregory_
Apr 8, 2015 11:06am
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Huge section on normalization.
Reply
Gregory_
Apr 8, 2015 11:25am
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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."
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dodbonvis
Apr 8, 2015 11:17am
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sell girlfriend buy a bacan
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Yossuan
Apr 8, 2015 11:12am
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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 11:14am
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sell dolar or buy?????
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adie
Apr 8, 2015 11:17am
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sell dollar LOL!..
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Yossuan
Apr 8, 2015 11:30am
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Quoting Guest
buy USD, soon or late they will increase rates
LOL
Reply
Rashidtrade
Apr 8, 2015 11:13am
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bitcheiss
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noypi
Apr 8, 2015 11:03am
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dovish or hawkish?
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shahmoradi
Apr 8, 2015 9:59pm
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June rate hike depend with eurozone polices.
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AdyFMP
Apr 8, 2015 11:08am
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Gimme an hour to read it 'n I'll get back to ya!
Reply
donaldkeram
Apr 8, 2015 11:09am
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official split
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StripedCat
Apr 8, 2015 11:09am
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Dovish. Sell USD.
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henryfekok
Apr 8, 2015 11:12am
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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 11:17am
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get ready for big boy tomorrow GBP
Official Bank Rate
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scottr89
Apr 8, 2015 11:19am
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BUY the Dow
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momo1111
Apr 8, 2015 11:20am
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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 11:22am
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Dovish. $EURUSD to 1.12 GBPUSD to 1.52
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AdyFMP
Apr 8, 2015 11:37am
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Do none of you watch the dollar index?
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aman4forex
Apr 8, 2015 11:44am
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Snee----eeezish.

)
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momo1111
Apr 8, 2015 12:28pm
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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 11:04am
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So, how bad is it?
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Trader#5CDE
Apr 8, 2015 11:06am
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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 11:07am
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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 11:14am
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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 11:18am
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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 11:26am
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buy USD, soon or late they will increase rates
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Trader#7211
Apr 8, 2015 11:36am
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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 11:43am
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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 11:47am
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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 11:51am
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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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