2:15pm (NY Time) US FOMC Rate Decision Forecast 0.25% Previous 0.25%
ACTION: USD/JPY BUY 0.50% SELL <0.25%
FOMC is going to render its Federal Fund Rate decision today, it is likely to be an unchanged verdict by keeping current rate a 0.25%. As a matter of fact, Fed Fund futures predicts that FOMC will keep rates unchanged from now all the way to December of 2009 (and beyond) for a possibly rate change…
However, the market going to focus on the statement over the future monetary policy direction and the possibility of an exit plan over the recent stimulus measures and as response of the recent months of risk appetite sentiment in almost every market. If Bernanke talks about the possibility of a quicker than expected recovery in this statement, USD may suffer under the pressure of risk appetite; but if Bernanke warns of a possible prolonged recession and stresses the fact that current market is at a heavy overbought levels, then USD may recover as this dose of reality pill gets injected to the market.
At any rate, if you have never traded this release, it is better to stay out to avoid unnecessary risk. Watch how I trade this release live with my updated video tomorrow, I will go over several reasons for my decision as I evaluate this release in real time; once again, if you have never traded this release, stay out of the market.
UPDATE: Market moved up initially on an across the board USD weakness, then it whipsawed as USD gained strength and Equity market reversed… I watched the market and decided to jump in on a LONG trade with GBP/JPY; but unfortunately the market didn’t give us much to work with so I exited the trade reluctantly with 30 pips of loss… No Video recorded as I foolishly saved another video on top of this one…
Related posts:
- Forex Analysis U.S. FOMC Interest Rate 09/21/11
- US FOMC Meeting Minutes 09/02/09
- Trade Plan For RBA Interest Rate Decision 09/07/10
- RBA Cash Rate Decision 11/30/09 (Interest Rate Decision)
- US FOMC Meeting Minutes 10/14/09
- RBA Interest Rate Decision 09/01/09
- RBA Cash Rate Decision 11/02/09
- RBA Cash Rate Decision 10/05/09
- RBA Cash Rate Decision 04/06/10
- RBA Cash Rate decision 03/01/2010
{ 6 comments… read them below or add one }
Hi Henry,
Thank you very much for your reply and the adjustment to my renewal date. Yes Henry, you are a man of your word. Thank you.
In addition, you have shown to be very generous by extending my renewal date by a month instead of just 1 week. Thank you.
I love your trading strategy, very impressed. Keep up the great work!
Kindest regards,
Bruce Thompson
It’s my pleasure Bruce
Henry
Hi Henry thanks for all the information you share wiht us
compare to others so called professional trader none of them come close to you in honesty and knolege keep doing it thanks.
Henry i realy want to get in your trade room i was waiting for long time las week i saw the invitation in my renewal subscription and when i went to pay it my account was dissable for two days so i missed it please can you tell me when i would have the oportunity again thans.im very sad for that.
Weekly Newsletter Member
Username ID: Bruce
Dear Henry,
I have repeatedly requested an addition of one week to be added to my subscription of the Weekly Outlook renewal date; in lieu of your Alaskan vacation as stated by you that you would fulfill previously.
I have followed you from your early days at FXMM. However, you neither have responded to my repeated emails nor have you rectified the renewal date of my account.
With all of your recent internet success in News Profiteer, henrylieforex.com etc, please don’t forget how you got there…think about it…
Anyways Henry, the short of it, I’m disappointed in you.
Good luck to your personal fortune.
Bruce Thompson
Bruce:
I just extended your subscription for a whole month. Sorry for the oversight.
I think the issue was that the extension of 1 week was done automatically to all members that have an active subscription on 8/21/09, or the day of my vacation, and anyone who signed up afterwards pretty much got skipped over… Because the only Weekly Outlook we missed was the weekly outlook scheduled on the 23rd, which was the day you signed up.
Again thanks for bring this to my attention, I am going to go over the memberships and take care of this… Although I rarely go over the emails personally now, due to the amount of emails requesting for support, it is no excuse for not getting back to you sooner. Once again I apologize for the oversight.
Thank you,
Henry Liu
Hi Henry, here is a simple web page that posts the numbers of economic news in real-time: http://www.newsdatareport.com/
I think it might be helpful for your members.
Regards.