Statement : => acknowledging slowdown in recovery because of delta variant (dovish) => on QE : "If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted" (looks hawkish ...

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Have you done your FOMC Homework - II ? Q meeting ... Last FED Projections (June 16th FOMC) reviewed : ---------------------------------------------------------------------- GDP 7% in 2021 3.3% in 2022 ==> since then : 1 release on GDP q/q, first ...

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Have you done your FOMC Homework ? Last FED statement (July 28th FOMC) reviewed image image

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All loaded & all locked for tomorrow FOMC. FA wise : For the 1st time since a while, FED is not under pressure for this meeting via inflation, as latest figures showed peak is behind and inflation is cooling, although still high. On Top, it has ...

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EURUSD 1.171x

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Any chokdeeeeeeeee farang around ? Was an insane call indeed. Swing trading . image Important Monthly close coming in EURTHB, a break of 39.1x will unlock LT Top with min target 42.4x => EURTHB is on the brink to trade back pre-ECB QE1 range ...

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EURUSD ST & MT Bottom holding, fingers in the nose, so far. No floor yet though TA wise (bar on H1 ; right on D1 Bottom 1.171x btw, what a coincidence). EURUSD needs to sail above 1.176x on H4 & 1.180x on D1 to start to build one in these TF. => ...

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EURUSD trading the bottom of the ST and MT range now The whole leg down in EURUSD these last 2 weeks coincide with the leg down in US Equities Hands selling Equities and cashing (ie. buying) Dollar are the driver of current flow, not monetary ...

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Out on a tick below last lows TA wise, below : 1.174x (H4 Bottom) and 1.171x (D1 Bottom). Will try again from 1.171x if we go there. FA wise, still thinking all is cooked. Jobs report flop & Inflation cooling in the US imply an uneventful ...

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WATCH OUT for the momentum leg in EURUSD

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And here we go in EURUSD : => 1.180x held yesterday => US CPI undershoot TA & FA aligned ====> ECB normalization flows can start Res @ 1.188x on H4 but TF to follow for the ST swing is D1 now ...

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Lol, a quick dip in 1.17 handle to clean all scalpers and now only swingers are remaining. After the bullish candle on W1, main W1 support 1.176x reacted the tick. => Tracking 1.180x for the D1 close, the usual suspect discussed all last week. That ...

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Despite the boring flow in EURUSD, still sticking to my FA plan here. Only spoiler would be FED adding fuel to the tightening expectations at next FOMC on 22nd but that's quite unlikely as last Jobs report flop very badly. The only important release ...

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Ok all fine for me. Wrapping up ECB : => Statement : hawkish, shift in guidance by slowing down PP => Macro Projections : hawkish via revisions up in GDP & Inflation => Q/A highlights : Mainly, - walking on eggs, trying to ...

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=> wow, she has just hint more taper to come by december, discussions to start as early as next month

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again, 1.180x is the Flip on H4 .........................

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So far overall : => Statement : hawkish, shift in guidance by slowing down PP => Macro Projections : hawkish via revisions up in GDP & Inflation => Q/A only remaining now

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2021 inflation forecast revised up to 2.2% from 1.9% 2022 inflation forecast revised up to 1.7% from 1.5%

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=> on current 3% inflation : more inflation coming this autumn, expected going down after

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2021 GDP forecast revised up 5% to from 4.6%

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