US FOMC Meeting Minutes 09/02/09

2:00pm (NY Time) US FOMC Meeting Minutes
ACTION: N/A

We saw some optimism in the market from last FOMC rate decision as the accompanied statement clearly indicated some improvement and stabilization in the economy. Therefore, with the reminder of this FOMC Meeting Minutes, market could once again return to that state of optimism and some limited risk appetite sentiment may present itself.

As I will be trying to decipher Fedspeak (language of the Federal Reserve) in real time and then make a trading decision, this release is basically for the more experienced traders whom have traded prior FOMC minutes before and are familiar with previous FOMC Minutes, recent FOMC Statements, and have the ability to read the market.  It will probably be best just to sit out on this release and watch market reaction as you gain experience, rather than taking risk with real money.

As usual, I will be trading this release live and record the entire trade, then it back right here.  So make sure if you have the time to watch it, especially if you are interested in learning how to trade statements.

[flv:http://www.newsprofiteer.com/090209-usfomc/090209-usfomc.mp4 480 360]

UPDATE:  The FOMC Minutes was primarily a combination of recent rhetoric which is pretty much well-known and expected.  Market failed to react to this release as we saw about 5~10 pips of movement on the USD/JPY and EUR/USD pairs, therefore I decided it would be best to stay out of the market and not take any risk.  Remember not trading during news is also an essential part of news trading, therefore please watch this video if you got the time.

Related posts:

1. US FOMC Meeting Minutes 10/14/09
2. US FOMC Meeting Minutes 11/24/09
3. Forex Analysis – FOMC Meeting Minutes
4. Forex Analysis For US FOMC Minutes 07/12/11
5. Forex Trading Analysis For US FOMC Minutes 10/12/11
6. UK MPC Meeting Minutes 08/19/09
7. Australia Monetary Policy Meeting Minutes 10/19/09
8. Forex Analysis For US FOMC Minutes 08/30/11
9. US Core Retail Sales m/m 09/15/09
10. Forex Analysis U.S. FOMC Interest Rate 09/21/11

Tagged as: experienced traders, FOMC, fomc meeting minutes, fomc minutes, pips, risk appetite, trading, US, USD, usd jpy