EURUSD - Trends, Forecasts and Implications (Part 1) - page 96
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
That's the darnedest thing I've ever seen.
For immediate release
Information obtained after the Federal Open Market Committee met in August suggest that economic activity began to increase after its severe downturn. The situation of the financial markets improved further and activity in the housing sector, increased. Household spending appears to be stabilizing, but remains constrained by continued job losses, sluggish income growth, declining housing wealth, and tight credit. Entrepreneurs continue to cut back on fixed asset investment and staffing capacity, albeit at a slower pace, they continue to make progress on inventory in linking more closely to sales. Although economic activity is likely to remain weak, for the time being the Committee expects policy measures to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces to support stronger economic growth and a gradual return to higher levels of resource utilization in the context of price stability.
With a substantial Slack resource likely to continue the pressure to reduce the cost and longer term inflation expectations stable, the committee expects inflation to remain subdued for some time.
Under these circumstances, the Federal Reserve will continue to use a wide range of tools to promote economic recovery and maintain price stability. The committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continue to expect that economic conditions are likely to guarantee an exceptionally low level of the federal funds rate for an extended period. Providing support to mortgage lending and housing markets and improving overall conditions in the private credit markets, the Federal Reserve will purchase a total of $1.25 trillion in agency mortgage-backed securities and up to $200 billion in agency debt. The committee will gradually slow the pace of these purchases to facilitate a smooth transition in the markets and expects them to be completed by the end of the first quarter of 2010. As previously announced, the Federal Reserve's purchase of 300 billion in Treasury securities will be completed by the end of October 2009. It will continue to assess the timing and total amount of its securities purchases in light of changing economic and financial market conditions. The Federal Reserve monitors the size and composition of its balance sheet and make adjustments to its lending liquidity and programmes as warranted.
Waves will tell you. And the bounce was newsworthy, sleep well...
On the H1 last week, the movement and the pullback today...Looked through...Happens...
Apparently the Dow wants to pull up to 10,000 - sort of prestige, so probably going up a bit more ....
As if not to the previous highs or higher
>> This is the darkest place for me.
The more paradoxical the more likely
That's where we're headed...
Today was the correction of the day - today's pullback...
Most likely the correction on all pairs will continue only with a downward correction from 161.8 to 127.2
What do you mean ?