What will the FED say? If the news is positive, couldn't we see risk on? OR will USD rally continue with gold and oil dropping more...?
It will say blah blah blah nothing nothing nothing. And this isn't even what the Fed "will say": it is a release of what they said in their meeting three weeks ago, and should have no relevance at all since it won't send us back in a time machine to change their non-action at the meeting, and as for the updated insights into their positions, we have heard them speak more recently.
Naturally, therefore, it will cause a huge uproar in the market. Last month the FOMC report hit the EUR/USD like a sledgehammer.
In actual news, Merkel and Hollande made soothing noises about the Greek crisis, that of course the rest of Europe should be thinking about helping Greece to grow, and not just about squeezing out of them every euro owed to the banks. There was a subtle difference I noted, though: Hollande said "we will respect the outcome of the elections, whoever Greece chooses"; while Merkel said, "Whether to stay in the euro is what Greece will be voting on." Since Syriza has not said they want to leave the euro, although their anti-austerity position may make it more difficult to stay, Merkel was essentially saying "If you vote for the party we don't like, we will boot you." That was rather disrespectful, and will not play well in Greece.
In an ironic contrast, the Social Democrats in Germany, who do favor the ESM ("Stabilization Mechanism" bailout fund), are nonetheless threatening to hold up its approval (for German constitutional reasons, it requires a supermajority, and Merkel's coalition cannot pass it without opposition support) unless Merkel agrees to more stimulus spending; the same day they came out with this, Speaker Boehner in the US threatened to hold up the debt ceiling authorization (potentially shutting down the government) unless Obama agrees to less stimulus spending.
Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.
I saw a couple posts about the FED. Bernanke is not speaking. Bullard is speaking. He is anti QE3. Does not believe in more QE. Its a release of the minutes. They will save their last bullet till its get real bad. If it is an event it will cause a stronger dollar with voting showing no QE3, and dovish outlook.
ppl here so much about politics and different countries doing this and doing that, and specially news effect on the currencies, i feel that ppl kinda like to trade on news and most of them lose at the end of the day. all i want to say is very less ppl share different strategies and the reasons behind their trades the technical reasons. in my 250 posts have you ppl ever noticed i talked about "NEWS" never. because market are not driven by news yes i agree they have "impact".
back in those day i recall when give allot of attention to news and always watching news, reuters, cnbc, do u know what the result was my frustration getting bigger and my account getting smaller day by day and when i stopped watching and talking news and its impact on the market my frustration getting smaller and my account getting larger day by day. its all present in the charts.
the theme and moral of the above "crap story" is ppl share strategies and tell/find technical reasons for every trade.
Just an observation about how were in a bear market. I own shares of TGT to hold for the long term. Last QTR after great earnings, and guidance. Shares rose over 2%. They just reported this morning for this QTR. Increased earnings, and raised guidance again. Shares are up .5% Tomorrow I expect to lose that small gain!
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.