Here is my dissection of the March 16 Fed Statement
FOMC Statement March 16, 2010
Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing ( upgraded “from deterioration in the labor market is abating”). Household spending is expanding at a [...]

Posted in FOMC, FOMC Minutes, Fed Rate Cut, Federal Reserve, forex blog No Comments »

I published a full analysis of the FOMC meeting on FX360.com but here’s a visual breakdown of the changes to the latest FOMC statement.

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We are witnessing a very powerful move in USD/JPY ahead of the FOMC rate decision. After falling to a low of 95.11 intraday, the currency pair has recovered all of its losses and then some. USD/JPY is now trading back within the Buy Zone, which i determine using Bollinger Bands with a strong hammer [...]

Posted in FOMC, Fed Rate Cut Expectations, Federal Reserve, forex blog, usd/jpy 1 Comment »

I was on the Business News Network talking about the implications of the Federal Reserve’s monetary policy announcement. They “note” that they are talking about is my FOMC Instant Insight posted on FX360.com. They are on the free mailing list, so make sure you get on as well.
Here is basically what they announced:
(1) [...]

Posted in FOMC, Fed Rate Cut, Forex TV, forex blog 2 Comments »

The Euro has surged to 1.3157, a six week high against the U.S. dollar. The currency pair’s strength is a big departure from the price action of the other majors currencies this morning, which have weakened across the board. The break of the old highs opens the door for a move above the [...]

Posted in Bernanke, FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex, eur/usd, forex blog 7 Comments »