can anybody please tell me what's dovishness especially in statements that mentioned.
Thanks
can anybody please tell me what's dovishness especially in statements that mentioned.
Thanks
nicely, the ECB just elevated rates, and when the Fed does not raise rates or stays the same, it is good for the EUR. However, as everybody is anticipating no change and cut rates next quarter, the price is already payable in. The main thing to look for here is that the content of the interview and any clues to what Fed may do.
Here is the key paragraph to watch out for (from last month's meeting):
Nonetheless, the Committee judges that some inflation risks remain. The scope and timing of any additional firming which could be needed to address these risks will be based on the evolution of the outlook for both inflation and economic development, according to incoming info.
Whenever they don't change this paragraph at all, it'll be very favorable for your dollar. If they drop the phrase some inflation risks remain this will be very damaging for the dollar. Anything else will be blended so you can go right ahead and fade the first move.
I will place the text when published. It is possible to also get yourself at http://www.federalreserve.gov/fomc/#calendars.
REMEMBER this statement can come a few minutes early or late. Remain alert
great luck everybody!