Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by zion

Covered for abt 55pips. After FOMC..I will re-examine the next moves

I will look out for it the post Zion. By the way i am still using S&P 1108 as the technical level for buy or sell on eur and dow.....You the same ?

what i meant was daily trend tech level, sorry about that!

Originally Posted by zion

Eur/usd now bearish. S&P broke the lower range and coud move lower. Eur could restest 12140ish. Took some short 12285 stp above 12300(12310)

Covered until after FOMC for 52pips

Originally Posted by Thomas Long

I see....but I also see where you had time to first remove the chart from your original post.

There are a few individuals That I do not get along with here. Those that I do Inform it will post the chart and they can copy it just as you have done. To avoid conflict if you really want to talk about my chart we can later... but if you are just focused on me for some other reason....then lets be respectful and honor our differences and not speak.

The FOMC, or Federal Open Market Committee, conducts eight regular meetings every calendar year.

Below is a calendar of scheduled FOMC Fed meeting dates for 2010.


2010 FOMC Calendar- Federal Open Market Committee Fed Meetings


January 26 & 27, 2010 - Rate Announcement: Wed. January 27th, 2:15 pm ET


March 16, 2010 - Rate Announcement: Tue. March 16th, 2:15 pm ET


April 27 & 28, 2010 - Rate Announcement: Wed. April 28th, 2:15 pm ET


June 22 & 23, 2010 - Rate Announcement - Wed. June 23th, 2:15 pm ET


August 10, 2010 - Rate Announcement: Tues. Aug. 10th, 2:15 pm ET


September 21, 2010 - Rate Announcement: Wed. Sep. 21rd, 2:15 pm ET


November 2 & 3, 2010 - Rate Announcement - Wed. Nov. 3rd, 2:15 pm ET


December 14, 2010 - Rate Announcement - Tues. Dec. 14th, 2:15 pm ET


Note: A two day fed meeting is scheduled for January 25 & 26, 2011 (Tuesday-Wednesday). Each meeting date is tentative until confirmed at the meeting immediately preceding it.

Minutes of previous meetings are released at 2:00 p.m. (eastern time) unless otherwise noted.


Since Dec 2008 until now, FOMC maintained the interest rate @0.25%.

From the observation on previous meetings, the forex will trade higher after the announcement. At least last for 3 hours, trade higher around 75 to 100 pips. Lets see, what will happen in June 23rd. 2010 2.15 EST.

High chances and probability to go higher, put in a small trade only to test my hypothesis testing, whether is true or not.

Happy trade :-)

Originally Posted by Thomas Long

I see....but I also see where you had time to first remove the chart from your original post.

Hello thomas,

Please can you shine a light on the following:
If meeting today reveals a int rate hike to come is that bullish for the dollar index and bear for the eur....i got a little confused over some postings this morning uk trading

EUR/NZD hitting a fresh "52 week low" as stock traders would say...

Originally Posted by MoneyInc.

There are a few individuals That I do not get along with here. Those that I do Inform it will post the chart and they can copy it just as you have done. To avoid conflict if you really want to talk about my chart we can later... but if you are just focused on me for some other reason....then lets be respectful and honor our differences and not speak.

Money inc -what is it with you. This morning i get this non stop confusing posts you were doing in uk trading and then posting charts with no meaning and now disrespecting people that make this forum the absolute nuts. If it was not for sean and Thomas i for one would have been struggling with the actual trend today to its volatility and i forgot about the meeting this afternoon. Its like you just want to wind the experienced traders up and talking down to the novice traders?
It stinks of arrogance and a poor attitude.

Originally Posted by cw1

Hello thomas,

Please can you shine a light on the following:
If meeting today reveals a int rate hike to come is that bullish for the dollar index and bear for the eur....i got a little confused over some postings this morning uk trading

Higher interest rates usually lead to a higher currency value while lower interest rates usually lead to a lower currency value. So a rate hike today would be very bullish for the USD and bearish for the EUR/USD. But I don't think that this is very likely today. Most likely traders are already bearish on the EUR/USD and just waiting for the announcement to come and go before jumping back into the market. If the FOMC were to say that they are looking at lowering rates or something like that, the EUR/USD could rally. That is why traders are staying away until that announcement at 2:15PM Eastern.

5 Minute EUR/USD

Originally Posted by cw1

Money inc -what is it with you. This morning i get this non stop confusing posts you were doing in uk trading and then posting charts with no meaning and now disrespecting people that make this forum the absolute nuts. If it was not for sean and Thomas i for one would have been struggling with the actual trend today to its volatility and i forgot about the meeting this afternoon. Its like you just want to wind the experienced traders up and talking down to the novice traders?
It stinks of arrogance and a poor attitude.

Glad to know we've helped, CW.

It's just about an hour away from the FOMC interest rate decision.

Originally Posted by Thomas Long

Higher interest rates usually lead to a higher currency value while lower interest rates usually lead to a lower currency value. So a rate hike today would be very bullish for the USD and bearish for the EUR/USD. But I don't think that this is very likely today. Most likely traders are already bearish on the EUR/USD and just waiting for the announcement to come and go before jumping back into the market. If the FOMC were to say that they are looking at lowering rates or something like that, the EUR/USD could rally. That is what traders are staying away until that announcement at 2:15PM Eastern.

Superb! I now have a very clear understanding of that...thanks Thomas

Originally Posted by Sean Hyman

Glad to know we've helped, CW.

no worries...S&P below 1108=bearish for eur....thats my tech area, some have it at 1105-1113......so far its worked for me, are you similar on this

Originally Posted by RainTree

EUR/GBP break below 55 days low of 0.8211 now. Once break 55 days channel, it will head lower & lower. Mostly likely EUR will suffer another round of dip soon.
Monitor on EUR/USD, EUR/JPY, EUR/AUD & EUR/CAD closely.

Still wait for the FOMC decision. Most likely maintain at 0.25%. May be "certain words used in press release statement" are important and carry impacts.

Happy trade :-)

Did you know relationship between EUR/GBP and EUR/USD, EUR/JPY, EUR/AUD & EUR/CAD ?
Thanks

Originally Posted by dhan1163

Did you know relationship between EUR/GBP and EUR/USD, EUR/JPY, EUR/AUD & EUR/CAD ?
Thanks

The Euro is the base currency on all of these pairs?