Over 20 years in trading
Interesting day, isn’t it!? EUR/USD fell down to 1.1200 support once more, after wich the pair get wings during the Fed’s Yellen press conference, reached 1.1357 high for now. Regardless of the strong bullish trend, the euro didn’t manage to catch 1.1380/90, the previous resistance from June 04./06. Could it be reached until end of the day? 1.1350 is the
Read moreBased on the available data from the Deutsche Bank I made this DOVE/HAWK/MODERATE chart, so that we could more precisely see which members are more or less dovish/hawkish. As you can see, there is more dovish FOMC members with average of 1.8 in total, which is not near for the easy hike rate decision in 2015. Data dependent members are: Janet Yellen, Stanley
Read moreFOMC minutes coming up in about 30 minutes, 18:00 (GMT). What to expect? I am not expeting anything dramatic today. The members will probably talk about Q1 growth slowdown and that could be challenging for the USD today. What about rate hike? There was speculations about June rate hike, but the members didn’t confirm that in the previous meetings. As I see it and I
Read moreI hope that you didn’t forget today’s FOMC Meeting! At 18:00 h (GMT) in about 1 hour, the FED will anounce Interest Rate Decision and is there any changes in their monetary policy. What could we expect? Well, I have already wrote my oppinion before last meeting, that I don’t expect any changes, not until the end of the year
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After ‘Lehman failure’, the FED started with biggest money printing of all time. Prior to the Lehman Brothers failure, the FED reports that the monetary base stood at $849.8 billion and until today, the monetary base had expanded to more then $4,0 trillion. This $3,15 trillion expansion has all taken place within 8 years. If, instead, the Fed had continued to expand
Read morePost ‘FOMC move’ has covered in total today! EUR/USD gained 425 pips yesterday after FOMC and lose everything today, AUD/USD gained 193 pips after FOMC and lose today more then 200 pips, USD/JPY lose 179 pips after FOMC, gained today the same back. Nasty market like I said before and sharp turnovers! USD is looking very bullish today and more
Read moreAs we can see, one hour before the meeting market players expect no changes in FED monetary policy today. USD is losing ground all over the market. EUR/USD manage to catch 1.0665, AUD/USD 0.7669, GOLD 1155, USD/JPY is down at 120.80… This could be a firework today traders, sharp turnovers are possible everywere, there is no doubt, be very careful! Let’s
Read moreLast night I have read a statement from Bernanke that I found in my documents, the statement from March 27./2012. I can tell, after three years we have a completely different figures from US, much better. Especially with the labor market, where unemployment fell from 8.3% to 5.3%. Bernanke have said then, that we need to wait the better figures in the economy and
Read moreFirst, at 14:00 h (GMT) ECB’s President Mr.Draghi have a speach, after at 15:00 h (GMT) FED’s Chairman Mrs.Yellen have a testifies. Who will move the market stronger and could we hear something we don’t know? We will see soon, get ready!
Read more19:00 h (GMT) – FED Interest rate decision and monetary policy statement! Are you ready? Most of the market players don’t expect any changes in the monetary policy at todays FOMC mitting. Market will be focused to the ‘statement language’ and possibility of rate hikes period. Could it be the fix date in June 16-17th, or at the September 16-17th FOMC meeting?
Read moreAt 19:00 h (GMT) FOMC is coming up with last meeting of the year. Whether they now finally say magical sentence, we will raise interest rates in …….. 2015. I don’t think so, not today!? Most of the analysts are expecting that they will change good old “considerable time” language in something deferent and gave the market onother ‘word bomb’ without specifying the date!?
Read moreMost of the bank economists are expecting from FED to end its bond buying program today, or to end QE3. That’s what the market is expecting as well, but there is question about short term Interest Rates and for how long they will keep it near zero? They like to say that they will keep it near zero for a ‘considerable
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