Community Blog

Filtered by tags:  Fomc
Avatar

Focus On FOMC

FX markets were steady ahead of key event risk in the North American session today with most majors slightly up against the dollar as traders prepared for the FOMC decision at 16:00 GMT.
In Asia, the Australia CPI data came inline at 0.5% vs. 0.5% eyed having very little impact on Aussie as the inflation news essentially confirmed a steady as she goes monetary policy by the RBA which is seen to be on pause for now at least until December. The Aussie held firm rising to .6875 in European dealing.…
Read full story
Translate to English Show original
orto leave comments
Avatar

GBP/USD

HOLA BUENAS, HOY SIENDO 4 DE JULIO, MAÑANA HABIENDO FOMC Y VIERNES CON NFP SERA UNA SEMANA MUY COMPLICADA Y DEBEMOS IR CON CUIDADO. VAMOS A ANALIZAR EL PAR GBP/USD DONDE LLEGO A UN SOPORTE IMPORTANTE (1,3050). EL PRIMER SITIO PARA INTENTAR UN CORTO SERIA LA ZONA 1,3300-1,3320, ES LA PRIMERA ZONA QUE LOS VENDEDORES INTENTARAN DEFENDER PARA SEGUIR MANTENIENDO EL CONTROL, SI ROMPIERAN ESTA ZONA ME DARIA MOTIVO DE IR PENSANDO EN UN CAMBIO DE TENDENCIA Y POR LO TANTO BUSCAR ZONAS PARA IR LARGO. LA SE…
Read full story
Translate to English Show original
orto leave comments
Avatar

NZD and AUD positions getting a bit unsure now

After the FOMC decision yesterday trading has become a bit harder for me

I bought Aud and Nzd crosses at support after they went down yesterday
but they are stuck at lows at the moment
Gbp and Eur have recovered, my NzdUsd pairs are doing alright
but my AudUsd was stopped out and my AudChf is down quite a lot
I am tightening stop losses on support areas today, just in case it all goes south
Read full story
Translate to English Show original
orto leave comments
Avatar

Fed to hike three more times in 2018

Fed hiked three times this year, which is at least one hike more than markets expected at the start of the year. FOMC's dot plot implies three hikes in 2018, markets are again not that hawkish. With so much money in the system and stock market seemingly engineered to go just up, federal funds rate could end up much higher than anyone expects. On the other hand, stock market bears have grown surprisingly quiet.
Read full story
Translate to English Show original
orto leave comments
Avatar

The day after the storm

Hello traders,
As you all know yesterday was a big day due to the FOMC minutes and decision. Rumors are that fed decided to unwind their balance sheet by several billions monthly. There was also comments that the interest rate will be raised 1 more time this year, so the hug spike in the dollar was absolutely normal and it returned to normal levels before NFP. For me such predictable movements will lead to some strange price action in the upcoming days so again caution is necessary. I will try t…
Read full story
Translate to English Show original
orto leave comments
Avatar

FOMC Meeting, expectations on USD

Tomorrow is the time for the FOMC Meeting to reveal what they're going to do with the rates. There's almost a 100% possibility that everything will be unchanged and Yellen would not hike rates. If we look at the market, there are some reasons for Yellen to hike rates another time. Here it is, the reasons for hike rates:
WEAK USD
Against the Euro, the USD is very weak. We have a 15% weaker Usd against Euro from the beginning of the year. This is very important in a Macro way, because all the asse…
Read full story
Translate to English Show original
orto leave comments
Avatar

Markets shrug off dovish FOMC as USD demand returns

Whatever you made of the FOMC Minutes ( I think it was just stating what we should already know and that's the Fed being in no rush to taper/hike) we saw decent US$ selling in the aftermath.Another day, another dollar sentiment and we've seen USD demand back across the board.GBPUSD down to 1.2857 ( I've taken some profit down here on my post-data shorts above 1.2900. Thank-you algos! ) as EURUSD continues its move lower to test 1.1690 with EURGBP holding around 0.9095USDJPY up to 110.23 but rall…
Read full story
Translate to English Show original
orto leave comments
Avatar

Headline of FOMC Meeting Minutes 16 Aug 2017

FOMC meeting minutes
  • Official saw inflation pick up over next couple of years.
  • Several said inflation risk could be to the downside
  • Many saw sub 2% inflation for longer than expected.
  • Many expected B/S to only modestly tighten policy
  • Many Fed officials swa weak inflation due to idiosyncratic factors
  • Some officials concerned by weak inflation, argue for patience
  • Fed split on assessment if inflation expectations well anchored
Read full story
Translate to English Show original
orto leave comments
Avatar

FOMC - nič nové pod slnkom

FOMC dopadlo presne podľa môjho očakávania. Hore dolu a do strany V prvej minúte došlo k poklesu dolára na všetkých dolárových pároch, následne bol pohyb výraznejšie smerom nahor - Na USDJPY to robilo cca 50 bodov a po 40 minútach začal dolár opäť klesať. Nechávam teda v platnosti svoj výhľad na EURUSD, že vytvárame formáciu zástavky a pôjdeme vyššie. Rovnako som dal čakacie objednávky na long na AUDUSD a držím od dnešného dňa long na libre - teda presnejšie GBPUSD. Moje dnešné obchodovanie je…
Read full story
Translate to English Show original
orto leave comments
Avatar

Yen poised to break out of the tight range

Since post-FOMC move from 108.80 to 111.80, Yen's been trading in an 80-pip range. BOJ released Summary of Opinions from their most recent meeting which confirmed that the bank is not planning any tightening in monetary policy just yet, at least not publicly.
USD/JPY has been sandwiched between 200 and 100 DMA, and whichever will give way first will suggest direction for the next leg. An upside break appears more likely at the moment with 112 and 112.50 the targets. Conversely, a break below 111…
Read full story
Translate to English Show original
orto leave comments
More