FOMC Interest Rate Statement -
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thread: FOMC Interest Rate Statement

  1. #11
    Junior Member YenaySani's Avatar
    14
    the main thing the market is trying to find now is some signs of dovishness from the announcement...
    can anybody please tell me what's dovishness especially in statements that mentioned.

    Thanks

  2. #12
    Doves favor low interest rates.


    can anyone please tell me what is dovishness particularly in announcements that mentioned.

    Thanks

  3. #13
    Member DPert's Avatar
    53
    The movement is going to be UP for the Euro.
    Care to explain?

    Rusty

  4. #14
    Junior Member otromimi's Avatar
    16
    Care to explain?

    Rusty
    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.

  5. #15
    the primary thing the market is trying to find today is some signs of dovishness in the announcement...
    Aren't brokers seeking to close the books for 2006? We can observe some sparks here...

  6. #16
    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.

  7. #17
    Member DPert's Avatar
    53
    Thank You
    Rusty

  8. #18
    Junior Member otromimi's Avatar
    16
    This is the crucial paragraph to watch out for (from last month's meeting):


    Nonetheless, the Committee judges that some inflation risks remain. The extent and timing of any additional firming which could be necessary to tackle these risks will depend on the growth of the prognosis for both inflation and economic growth, as implied by incoming information.



    If they don't change this paragraph at all, it will be very positive for the dollar. If they drop the term some inflation risks remain this will be very negative for the dollar. Anything else will probably be mixed so that you may go right ahead and fade the initial move.
    Is there a site where we may see the text copy of the minutes?

  9. #19
    Senior Member raqwl.deji's Avatar
    108
    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!

  10. #20
    Senior Member BLWSEBLW's Avatar
    241
    I'll post the text when published. You can also get it yourself at http://www.federalreserve.gov/fomc/#calendars.

    REMEMBER this statement can come a few minutes early or late. Remain alert

    great luck everybody!
    THANKS .

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