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  • Federal Reserve issues FOMC statement

    From federalreserve.gov Story is in PDF Format

    Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation has eased somewhat but remains elevated. Russia’s war against Ukraine is causing tremendous human and economic hardship and is contributing to elevated global uncertainty. The Committee is highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 4-1/2 to ... (full story)

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fully priced in
very good for USD , all problems have got a good resolution strategy and the economy is in good control
All my analysis is based on Wyckoff Methods
Down, down, down.
USD gonna up! EURUSD already price in by 50bps. Wait to watch mr Chairman’s speech.
Shouldn't be positive for DXY? In the end, investors expected this move. The statement could be worse also
I am not getting something special that will bull USD. What will be the repeated rate, continued hiking, or big pause? Not clear at all. We will wait for Powel's explanation.
time back to continuation trend or market make sideways before back to continuation trend later
Inserted Video
All my analysis is based on Wyckoff Methods
Ouch enough to clear the path .......
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All my analysis is based on Wyckoff Methods
Seems capped for the time being.
Horeeyyyyyy ... EURUSD in uptrend now until tf monthly ... hehehe .... how FED can make this story ......
All my analysis is based on Wyckoff Methods
Inserted Video
All my analysis is based on Wyckoff Methods
Gold must 2000
Quoting Bakker
Down, down, down.
Putting in more shorts at 1.1080 to 1.11 ish retrace coming to 1.06 - 1.07 ish
Quoting hesron
Horeeyyyyyy ... EURUSD in uptrend now until tf monthly ... hehehe .... how FED can make this story ......
Brother why are you still fighting King EUR? ECB is likely to raise by 50bp. If you must long USD may i suggest something like SGD or MXN where you dont have to fight a central bank.
Quoting bigforex04
{quote} Putting in more shorts at 1.1080 to 1.11 ish retrace coming to 1.06 - 1.07 ish
I'm talking USD/JPY my friend.
Nas100 is going to buy and hit (Supply) liquidity levels.
Take me to the moon!
Idrisa049 Return Today: na
Quoting Andr3w
Shouldn't be positive for DXY? In the end, investors expected this move. The statement could be worse also
It's the new optimism, obviously. Powell: "We see continued subdued growth, no recession, inflation coming down slowly". So the confidence overall is growing and maybe the people are selling now big bucks for stocks and risky stuff, melting the DXY for a while.
Also, downshifting inflation fight with 0.25% rate hike is perceived as a dovish Fed...
Plus the ECB is expected to push higher than the Fed...
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Quoting TudorIoan
{quote} It's the new optimism, obviously. Powell: "We see continued subdued growth, no recession, inflation coming down slowly". So the confidence overall is growing and maybe the people are selling now big bucks for stocks and risky stuff, melting the DXY for a while. Also, downshifting inflation fight with 0.25% rate hike is perceived as a dovish Fed... Plus the ECB is expected to push higher than the Fed...


That's right, but still, if we look at the end of this week, the Non-Farm Payrolls report went 517,000 new jobs, which is almost double its previous report. It's the 10th consecutive positive report for NFP, shouldn't that trigger a bigger correction in the crypto market? XAUUSD moved accordingly, and EURUSD also, but what about crypto? Are BTC and altcoins becoming Fed-resistant?
Quoting Andr3w
{quote} That's right, but still, if we look at the end of this week, the Non-Farm Payrolls report went 517,000 new jobs, which is almost double its previous report. It's the 10th consecutive positive report for NFP, shouldn't that trigger a bigger correction in the crypto market? XAUUSD moved accordingly, and EURUSD also, but what about crypto? Are BTC and altcoins becoming Fed-resistant?
Nope. They are not anything-resistant. Not even to inflation as they were supposed to be. Alts and BTC are actually more indexes related, not so much with the USD.
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    Fed: Will Continue Reducing Its Balance Sheet As Planned, Vote in Favor of Policy Was Unanimous

    From @sevenloI|Feb 1, 2023

    tweet at 2:03pm: Fed: - It Will Continue Reducing Its Balance Sheet As Planned - Vote in Favor of Policy Was Unanimous - Russia’s War Against Ukraine Is Contributing to ‘Elevated Global Uncertainty,' Repeats It Is ‘Highly Attentive to Inflation Risks’ https://t.co/yudMidEtxJ

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    From youtube.com|Feb 1, 2023

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    Fed's Powell: Full effects of rapid tightening yet to be felt

    From @DeItaone|Feb 1, 2023|2 comments

    tweet at 2:31pm: POWELL: FULL EFFECTS OF RAPID TIGHTENING YET TO BE FELT tweet at 2:31pm: Fed’s Powell: - We’ve Taken Forceful Actions Over Past Year - Full Effects yet to Be Felt - Have Covered a Lot of Ground, Full Effects yet to Be Felt - But We Have More Work to Do - Price Stability Is The Bedrock Of The Economy tweet at 2:32pm: Fed’s Powell: - We Continue to Anticipate Ongoing Increases Appropriate to Get to Sufficiently Restrictive Stance - We Will Likely Have to Maintain Restrictive Stance for Some Time - Economy Slowed Significantly Last Year - Consumer Spending Appears to Be Subdued tweet at 2:33pm: Fed’s Powell: - Housing Activity Continues to Weaken - Wage Growth is Elevated - Job Market Extremely Tight - Job Gains Have Been Robust - Labor Market Continues to Be Out of Balance - Pace of Job Gains Has Slowed and Nominal Wage Growth Too, but Labor Market Still Out of Balance tweet at 2:34pm: FED'S POWELL: LONGER-TERM INFLATION EXPECTATIONS REMAIN WELL ANCHORED - https://t.co/wXVagA44VK

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