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EURUSD: WAITING FED DECISION (Daily Monitor)

FX_IDC:EURUSD   Euro/U.S. Dollar
3363 15 71
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Comment: this week’s FOMC meeting (Tomorrow) is largely expected to be a non-event.
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In the absence of updated forecasts and a press conference, only the statement will be published following the meeting. However, changes in the statement language can provide important clues about the policy outlook and should not be overlooked.
Our measure displays similar movements to the fed funds rate over time: FOMC statements become more hawkish prior to and during tightening cycles and more dovish prior to and during easing cycles. But our measure is not just a proxy for actual FOMC decisions.
Fed attempted to implement a dovish hike in December according to our measure. The average FOMC statement over the past half-year was dovish in an absolute sense and slightly more dovish than at the start of previous hiking cycles.”
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Hello, based on your analysis we are going long now? What is your approx TP? Thanks. I just want to compare with my setup, since you are really reputable trader here!
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OLIGARCH SignalSwiss
amm.. okay :D ))) I got it!
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hhhhh, It looks more like that to me
EURUSD A PERFECT SELL
USDCHF PERFECT BUY
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interesting! what does the (M) (W) and PP mean in the chart please ?
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Pivot Point
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sunnip SignalSwiss
what does the (M) and (W) mean in the chart please ? I'm pretty sure I'm not the only one wondering!
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I think Monthly and Weekly
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are you sure you have enough knowledge to trade?
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