by Henry Liu on June 22, 2011
Here are some of the highlights for today’s FOMC Press Conference by Bernanke.
The revised economic projection was released a few minutes earlier, here are the details:
GDP:
- 2011 GDP 2.7-2.9% (3.1-3.3% prior)
- 2012 GDP 3.3-3.7% (3.5-4.2% prior)
- 2013 GDP 3.5-4.2% (3.5-4.3% prior)
Unemployment:
- 2011 8.6-8.9% (8.4-8.7% prior)
- 2012 7.8-8.2% (7.6-7.9% prior)
- 2013 7.0-7.5% (6.8-7.2% prior)
PCE inflation:
- 2011 2.3-2.5% (2.1-2.8% prior)
- 2012 1.5-2.0% (1.2-2.0% prior)
- 2013 1.5-2.0% (1.4-2.0% prior)
Click on post title above to read the full article.
by Henry Liu on December 7, 2009
Last week’s major news was the Nonfarm Payroll report on Friday which possibly changed the short to long term trend of USD as we saw traders bought USD on the back of NFP release:
NFP Nov. 2009 -11K versus -119K (estimate)
NFP Oct. 2009 -111K (revision) versus -190K release
Unemploy Rate 11/2009 10.0% versus 10.2% (estimate)
What was more interesting with this data was the 3-month average trend of NFP with past revisions actually netted a positive +97K of release!
Click on post title above to read the full article.
by Henry Liu on November 30, 2009
Last week was indeed a volatile week due to the low liquidity. And as I have warned in my last Weekly Outlook report about the excessive market movement from my previous experiences over the U.S. Thanksgiving holidays, this Thanksgiving didn’t disappoint and certainly lived up to its reputation – and then some…
Click on post title above to read the full article.
by Henry Liu on October 13, 2009
[flv:http://www.newsprofiteer.com/101409-usfomc/101409-usfomc.mp4 480 360]
2:00pm (NY Time) US FOMC Meeting Minutes
ACTION: N/A
FOMC Meeting minutes is released 3 weeks after the Fed Fund Rate decision, and we get 8 rate decisions out of the year from Federal Reserve, therefore also about 8 of these minutes releases.
Click on post title above to read the full article.
by Henry Liu on July 20, 2009
| 10:00am (NY Time) |
USD Fed. Bernanke Testifies |
|
| ACTION: |
BUY: Hawkish |
SELL: Dovish USD/JPY |
| |
|
|
Fed. Chairman Bernanke is scheduled to testify in front of House Financial Services Committe in Washington DC on the semi-annual policy report. If Bernanke is hawkish in his tones over future economy outlook, then we should see risk appetite sentiment where USD should gain substantially against JPY; however, if the chairman’s tone were rather dovish, or expresses his concerns over the prolonged recession and contraction of the economy, then we will likely see risk aversion sentiment driving the market, where JPY should gain against USD.
Click on post title above to read the full article.
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012)
Forex Trading Strategies #3 – The Correct Trend
Forex Trading Strategies #4 – Support and Resistance
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
Forex Trading Strategies #5 – Market Psychology
Forex Trading Strategies #2 – The Right Timing
US Core CPI – May 15, 2012 – Forex Strategy
Forex Trading Strategies #1 – The Real Reason