FOMC: Several participants saw 2022 as more appropriate for beginning taper | Metals Mine

  • FOMC: Several participants saw 2022 as more appropriate for beginning taper

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foto
Aug 18, 2021 1:41pm — Edited
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Not any more confusing then what they say every day where story changes based upon wind direction and wet finger held up in to it.

Most likely quite intentional and so interpreted as they want market to be a market again. Dumping forward guidance which they were never comfortable with.

Using that view of it USD is free to float again without them blabbing all the time.
Everyone else still has their hand in the cookie jar when it comes to forward guidance so this is not as Dovish as first glance would seem.

add: Fed needs a currency that freely floats first before they Taper so this view is not off track as being preparatory for Taper of asset purchase.
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ForestX
Aug 18, 2021 2:01pm
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Quoting foto
Not any more confusing then what they say every day where story changes based upon wind direction and wet finger held up in to it. Most likely quite intentional and so interpreted as they want market to be a market again. Dumping forward guidance which they were never comfortable with. Using that view of it USD is free to float again without them blabbing all the time. Everyone else still has their hand in the cookie jar when it comes to forward guidance so this is not as Dovish as first glance would seem. add: Fed needs a currency that freely floats...

That is my exact thought about it. Why would they taper if USD have been dripping it's price over the place

Possibly if we see a stability in USD (Which is pretty soon unless inflation will show it's colors) then they will likely be guaranteed to taper.
Right now everything is unstable due to Corona and conflicts in the Asia area. Adding to that inflation and their housing market(Commodities included) is basically out of reality for an average citizen to acquire for affordable price.
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tush1822
Aug 18, 2021 1:37pm
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Quoting mahdijan7001
drop for gold ?
other way !!
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hkg_paul
Aug 18, 2021 1:29pm
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Quoting kingleeny
so basically they dont know what to do...just same old rhetoric

same as the military draw in Afghanistan
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kingleeny
Aug 18, 2021 1:19pm
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so basically they dont know what to do...just same old rhetoric
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Ksth
Aug 18, 2021 1:40pm
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Pump then drop
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Trader#6A4B
Aug 18, 2021 1:26pm
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ECB may start thinking of tapering in 2023… long live the dollar!
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foto
Aug 18, 2021 2:23pm
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Quoting ForestX
{quote} That is my exact thought about it. Why would they taper if USD have been dripping it's price over the place Possibly if we see a stability in USD (Which is pretty soon unless inflation will show it's colors) then they will likely be guaranteed to taper. Right now everything is unstable due to Corona and conflicts in the Asia area. Adding to that inflation and their housing market(Commodities included) is basically out of reality for an average citizen to acquire for affordable price.
About as good an explanation as I've come across. USD had gotten sold hard for some time with all the funny money, needs to take out this years high at 93.50 USDX to firm it up before a sustained rise becomes possible. As it trades just below that level currently market should get busy and test it if they think Fed will do a Tapper..
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hesron
Aug 18, 2021 1:19pm
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https://www.youtube.com/watch?v=Z6IPluIJLpw
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mahdijan7001
Aug 18, 2021 1:18pm
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drop for gold ?
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FrozenThrone
Aug 18, 2021 1:53pm
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Quoting mahdijan7001
drop for gold ?
cant say anything
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Prof.Trader
Aug 18, 2021 5:15pm
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Hmm... In the end, tapering still uncertainty.
It's time to USD to getting correction again to Support 92,83.
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