• Home
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • User/Email: Password:
  • 7:36am
Menu
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • 7:36am
Sister Sites
  • Energy EXCH
  • Crypto Craft
  • Forex Factory
  • Story Log
User Time Action Performed
  • Minutes of the Federal Open Market Committee November 1-2, 2022

    From federalreserve.gov Story is in PDF Format

    The Chair began with a discussion of ethical standards and acknowledged the great privilege and heavy responsibility that come with being entrusted to make policy decisions. There was agreement that the Federal Reserve can be effective only when there is a foundation of public trust. Participants reaffirmed the importance of holding themselves and their staffs accountable for knowing and following the high ethical standards that are set in the Committee’s policies, including those on financial transactions and disclosure and on external communications. Developments in Financial Markets and Open Market Operations ... (full story)

Added at 2:00pm
  • [DB] Most Fed Officials Backed Slowing the Pace of Rate Hikes Soon: BBG

    — db (@tier10k) November 23, 2022
Added at 2:01pm
  • Fed minutes: participants observed that the labour market remained tight; many noted tentative signs that it may be gradually moving toward a better balance of supply and demand.

    — BTBMarkets (@BTBMarkets) November 23, 2022
Added at 2:01pm
  • FED MINUTES: PARTICIPANTS AGREED THAT THERE WERE FEW SIGNS OF INFLATION PRESSURES EASING.

    — Breaking Market News (@financialjuice) November 23, 2022
Added at 2:01pm
  • FED MINUTES: PARTICIPANTS AGREED THAT A SLOWER PACE OF RATE HIKES WOULD ALLOW THE FOMC TO BETTER ASSESS PROGRESS TOWARD ITS GOALS "GIVEN THE UNCERTAIN LAGS" ASSOCIATED WITH MONETARY POLICY.

    — Breaking Market News (@financialjuice) November 23, 2022
  • Comments
  • Comment
  • Subscribe
  • Comment #1
  • Quote
  • Nov 23, 2022 2:05pm Nov 23, 2022 2:05pm
  •  Wigglesworth
  • | Joined Jul 2012 | Status: Member | 39 Comments
A bunch of ineffective elitists with big degrees doing nothing to help the economy, talking a lot, yet saying nothing.
 
1
  • Comment #2
  • Quote
  • Nov 23, 2022 2:06pm Nov 23, 2022 2:06pm
  •  Bakker
  • Joined Jun 2011 | Status: Member | 2802 Comments
I think they have actually no clew what to do.
 
1
  • Comment #3
  • Quote
  • Nov 23, 2022 2:09pm Nov 23, 2022 2:09pm
  •  Guest
  • | IP XX.XXX.125.78
Quoting Bakker
Disliked
I think they have actually no clew what to do.
Ignored
That's right , they don't, cause none of them had a "real" job and actually ran a company, made a budget, or product to sell, or had a payroll to cover every 2 weeks.
 
 
  • Comment #4
  • Quote
  • Nov 23, 2022 2:10pm Nov 23, 2022 2:10pm
  •  abdulrouf.ah
  • | Joined May 2017 | Status: Junior Member | 1 Comment
FOMC = destroy economy
 
1
  • Comment #5
  • Quote
  • Nov 23, 2022 2:14pm Nov 23, 2022 2:14pm
  •  Ftmofx
  • | Commercial Member | Joined Feb 2022 | 614 Comments | Online Now
GBP will get more opportunities. We should focus on the pound and will more strong especially GBP/JPY is on the long way to 180
 
 
  • Comment #6
  • Quote
  • Nov 23, 2022 2:16pm Nov 23, 2022 2:16pm
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments | Online Now
Dont be mad. Just trade it and let it go. Because you think FED is ruining the greater economy you might as well profit from it anyway.
 
 
  • Comment #7
  • Quote
  • Nov 23, 2022 2:31pm Nov 23, 2022 2:31pm
  •  Guest
  • | IP XXX.XXX.120.41
Quoting Wigglesworth
Disliked
A bunch of ineffective elitists with big degrees doing nothing to help the economy, talking a lot, yet saying nothing.
Ignored
That is what they are paid to do and not to actually run the economy. They actually deserve bonuses as things stand. Been working really hard at extremely tough jobs.

The Crow (-_-)
 
 
  • Comment #8
  • Quote
  • Edited 2:45pm Nov 23, 2022 2:35pm | Edited 2:45pm
  •  TheWolf
  • Joined May 2022 | Status: I'm Done | 205 Comments
Quoting Ftmofx
Disliked
GBP will get more opportunities. We should focus on the pound and will more strong especially GBP/JPY is on the long way to 180
Ignored
I have actually already started to short this pair. Fed just admitted a defeat and they are expecting a recession next year. Time to buy Yen.

Thing is GB is first to enter recession in my opinion, then Europe and then US.

If there is another buy coming on this pair I can say with confidence it's going to be the last one.

USD/JPY price should reach 135 perhaps even this week.

The thing I'm looking for on GBP/JPY is when we get more percentage of traders net long on this pair, the crash will be imminent.

I hope you're right, we'll have much better price to start shorting from all the way down to parity once recession hits.

Also, market seems very quiet at the moment. Calm before the storm, Fed is done and now the market will get wild.
1
 
  • Comment #9
  • Quote
  • Nov 23, 2022 2:40pm Nov 23, 2022 2:40pm
  •  Guest
  • | IP XXX.XX.227.176
So what new information did we learn from this? Because I can’t find anything new that we haven’t heard already..
 
 
  • Comment #10
  • Quote
  • Nov 23, 2022 2:47pm Nov 23, 2022 2:47pm
  •  Ftmofx
  • | Commercial Member | Joined Feb 2022 | 614 Comments | Online Now
Quoting TheWolf
Disliked
{quote} I have actually already started to short this pair. Fed just admitted a defeat and they are expecting a recession next year. Time to buy Yen. Thing is GB is first to enter recession in my opinion, then Europe and then US. If there is another buy coming on this pair I can say with confidence it's going to be the last one. USD/JPY price should reach 135 perhaps even this week. The thing I'm looking for on GBP/JPY is when we get more percentage of traders net long on this pair, the crash will be imminent. I hope you're right, we'll have much...
Ignored
Really short? Technically GBP/JPY is on a strong buy and rallied to 180. You wait and see. It was a stochastic H1 minor correction and complete it. Now buy will start slow to hawkish.
 
 
  • Comment #11
  • Quote
  • Nov 23, 2022 2:47pm Nov 23, 2022 2:47pm
  •  Guest
  • | IP XX.XX.69.166
The fed will keep tightening until we're in a full-swing recession or a financial accident happens on wall st, as inflation is still running the fed is not going to pivot most likely a slowdown in rate hikes.
 
 
  • Comment #12
  • Quote
  • Nov 23, 2022 2:51pm Nov 23, 2022 2:51pm
  •  TheWolf
  • Joined May 2022 | Status: I'm Done | 205 Comments
Quoting Ftmofx
Disliked
{quote} Really short? Technically GBP/JPY is on a strong buy and rallied to 180. You wait and see. It was a stochastic H1 minor correction and complete it. Now buy will start slow to hawkish.
Ignored
Either could be right. We'll see..
Will the market go wild and start buying Yen as Fed's prognosis is that the world is heading into a recession next year?

We'll see tommorow where we stand, you could be right.. as said, I hope you are!
 
 
  • Comment #13
  • Quote
  • Nov 23, 2022 2:59pm Nov 23, 2022 2:59pm
  •  Ftmofx
  • | Commercial Member | Joined Feb 2022 | 614 Comments | Online Now
Quoting TheWolf
Disliked
{quote} Either could be right. We'll see.. Will the market go wild and start buying Yen as Fed's prognosis is that the world is heading into a recession next year? We'll see tommorow where we stand, you could be right.. as said, I hope you are!
Ignored
Still, we did not get the yen to buy confirmation yet. When the yen will start to buy GBP/JPY will reach to 180
 
 
  • Comment #14
  • Quote
  • Nov 23, 2022 3:13pm Nov 23, 2022 3:13pm
  •  mrone
  • | Joined Nov 2022 | Status: Junior Member | 2 Comments
Quoting Guest
Disliked
The fed will keep tightening until we're in a full-swing recession or a financial accident happens on wall st, as inflation is still running the fed is not going to pivot most likely a slowdown in rate hikes.
Ignored
I agree, GBPJPY is in a solid uptrend especially after PMI data that came positive, GB's recession risk is still a threat but not in the near term.
 
 
  • Comment #15
  • Quote
  • Nov 23, 2022 3:18pm Nov 23, 2022 3:18pm
  •  Bakker
  • Joined Jun 2011 | Status: Member | 2802 Comments
Quoting Vancarbon
Disliked
{quote} "Clue"
Ignored
Yah, sorry for the mishap. Didn't even notice it.
 
 
  • Comment #16
  • Quote
  • Nov 23, 2022 5:11pm Nov 23, 2022 5:11pm
  •  breakoutpips
  • | Joined Sep 2017 | Status: Mancing... | 15 Comments
Quoting Ftmofx
Disliked
GBP will get more opportunities. We should focus on the pound and will more strong especially GBP/JPY is on the long way to 180
Ignored
going to 160
“Do not lose hope, nor be sad.”
 
1
  • Comment #17
  • Quote
  • Nov 23, 2022 10:59pm Nov 23, 2022 10:59pm
  •  Logufx
  • | Joined Aug 2022 | Status: Member | 3 Comments
EU will go to 1.06000 or 1.10000 depending upon the next week non farm payroll is bad....if NFP is good then it will drop like anything

GBP is gonna be bullish for sure as inflation is at 11 it will bring up the interest rates and hence bullish
 
 
  • Comment #18
  • Quote
  • Nov 24, 2022 3:33am Nov 24, 2022 3:33am
  •  umbrella man
  • | Joined Aug 2009 | Status: Member | 400 Comments
Quoting Logufx
Disliked
EU will go to 1.06000 or 1.10000 depending upon the next week non farm payroll is bad....if NFP is good then it will drop like anything GBP is gonna be bullish for sure as inflation is at 11 it will bring up the interest rates and hence bullish
Ignored
I doubt job numbers will be bad considering we’re in the holiday season.
 
 
  • Comment #19
  • Quote
  • Nov 25, 2022 5:57am Nov 25, 2022 5:57am
  •  TheWolf
  • Joined May 2022 | Status: I'm Done | 205 Comments
Quoting Ftmofx
Disliked
{quote} Really short? Technically GBP/JPY is on a strong buy and rallied to 180. You wait and see. It was a stochastic H1 minor correction and complete it. Now buy will start slow to hawkish.
Ignored
You were right I think. We should probably hold longs until 175, perhaps 180. 171 we already have in our pockets. 175 will be tough no doubt about it. I will not buy above 175, I'll wait to short from there.

Actually, recession is inevitable next year right? Right. Now, if recession is coming that means Yen will destroy it's competition. What does market has to do? Market has to shoot up everything against Yen up in the sky, because the drop will be hard. Pound fell 13000 pips in 2007-08 against Yen. I wouldn't be surprised to see GBP/JPY close to 200 before recession hits. If market will have time..

See TheWolf's Journal (Inactive) why I now actually think Pound will appreciate immensely against Yen.
 
 
  • New Comment
  •  Guest
  • | IP XX.XXX.152.207
Join MM
    • Older Stories  
    When Recession, Sir?

    From themacrocompass.substack.com|Nov 23, 2022

    As my mentor used to say, any market practicioner can make headlines by screaming something wildly out-of-consensus but conveniently leaving the details of his forecast out of the ...

    Unwind of financial stability gilt purchases – Market Notice 23 November 2022

    From bankofengland.co.uk|Nov 23, 2022

    This Market Notice sets out operational arrangements that the Bank of England (the Bank) intends to apply to sales of index-linked and long-dated conventional UK government bonds ...

    FOMC Preview: Watch For The Fed's Reaction Function To Both Labor And Inflation

    From zerohedge.com|Nov 23, 2022

    At its November confab, the FFR target was lifted by 75bps to 3.75-4.00%, as expected. The statement was dovishly received by the market after it stated that the Fed will consider ...

    •   Newer Stories
    Fed: With monetary policy approaching "sufficiently restrictive" level, emphasized final...

    From @financialjuice|Nov 23, 2022|21 comments

    tweet at 2:01pm: FED MINUTES: WITH MONETARY POLICY APPROACHING A "SUFFICIENTLY RESTRICTIVE" LEVEL, PARTICIPANTS EMPHASISED THAT THE FINAL DESTINATION OF THE FED FUNDS RATE HAD BECOME MORE IMPORTANT THAN THE RATE ITSELF. tweet at 2:03pm: FED MINUTES: MANY PARTICIPANTS EXPRESSED SIGNIFICANT UNCERTAINTY ABOUT THE ULTIMATE LEVEL OF THE FED FUNDS RATE REQUIRED TO CONTAIN INFLATION, WITH VARIOUS PARTICIPANTS SUGGESTING IT WAS HIGHER THAN PREVIOUSLY ANTICIPATED. tweet at 2:05pm: #FOMC: A Few Officials Wanted To See More Data Before Slowing - A Few Officials Saw Slowing Hike Pace Reducing Instability - Many Officials Saw ‘Considerable Uncertainty’ On Rate Peak $USDJPY $DXY

    RBNZ's Governor Orr: The global economy has been impacted by significant shocks

    From @financialjuice|Nov 23, 2022

    tweet at 2:13pm: RBNZ'S GOVERNOR ORR: THE GLOBAL ECONOMY HAS BEEN IMPACTED BY SIGNIFICANT SHOCKS. tweet at 2:16pm: RBNZ'S ORR SAYS WE ARE OFFICIALLY CONTRACTIONARY WITH POLICYOrr: Opening remarks to Finance and Expenditure Committee (FEC) It is good to be with you this morning to present our November Monetary Policy Statement. I’m joined by Assistant Governor/General Manager of Economics, Financial Markets and Banking, Karen Silk, and our Chief Economist Paul Conway, and I acknowledge our other Monetary Policy Committee (MPC) colleagues some of whom are with us today or watching online. Today we are here to outline our most recent Monetary Policy Statement and the reasoning for our OCR decision. To provide the best context possible for the Committee’s decision I will refer briefly to the Reserve Bank’s recently published Review of our monetary policy actions over the five years ended September 2022.1 The Review — undertaken in conjunction with the Board of Te P?tea Matua and peer reviewed by two independent international experts — is a legislative requirement. It is also a timely requirement from the Committee’s perspective. Over the period reviewed, the global and New Zealand economy has experienced historically significant economic shocks, in large part due to the COVID-19 pandemic and exacerbated by Russia’s invasion of Ukraine. Policymakers, including the Reserve Bank’s Monetary Policy Com

    Glencore, MAC agree to amend terms to acquire CSA mine in US$1.1 billion transaction

    From kitco.com|Nov 23, 2022

    Glencore announced today it has entered into a binding agreement with Metals Acquisition Corp (MAC), amending terms announced on 17 March 2022, for the sale and purchase of ...

  • More
  • Story Stats
  • Posted: Nov 23, 2022 2:00pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 19  /  Views: 8,640
  • Linked event:
    US FOMC Meeting Minutes
  • Related Stories

    Fed: With monetary policy approaching "sufficiently restrictive" level, emphasized final...
    From @financialjuice|Nov 23, 2022|21 comments
    PBOC and China CBIRC issue guidelines to support property market
    From @financialjuice|Nov 23, 2022
    RBNZ's Governor Orr: The global economy has been impacted by significant shocks
    From @financialjuice|Nov 23, 2022
  • More
Top of Page Default Page
  • Facebook
  • Twitter
About MM
  • Mission
  • Products
  • User Guide
  • Blog
  • Contact
MM Products
  • Forums
  • Calendar
  • News
  • Market
MM Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow MM
  • Facebook
  • Twitter

MM Sister Sites:

  • Energy EXCH
  • Crypto Craft
  • Forex Factory

Metals Mine™ is a brand of Fair Economy, Inc.

Terms of Service / ©2023