Here comes the BOOM

FX_IDC:EURUSD   Euro / U.S. Dollar
550 10 17
CORE CPI             matches previous..beating expectations which is good. housing starts is still strong..--shows how willing the American are still wanting 2 build a house at this time.. good.. FOMC is up & with NFP being very high the other week I expect a Hawkish Tone.
Comment: the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.
Comment: they made it sound so bad.. press conference coming up
Comment: http://www.bloomberg.com/news/articles/2016-03-16/fed-scales-back-rate-rise-forecasts-as-global-outlook-weakens
Comment: been knowing global economics have been a problem since October & the Fed decided to start the " Normaliztion " in Dec. Fed downgraded o GDP & rate hike
Comment: just wanna say sorry for mentioning short or long on the usd pairs that happen March 16. It was a 1st slip up & wouldn't recommend doing it b4 statements. but what a surprise move..caught some money out of it =)
why not work do you know ?
D-Rod AmirHossein.J
I was expecting a Hawkish Tone from Yellen & she completely acted differently . I also did not mean 2 state this as a for sure Short becuz like I said in the updates in 1 of these Usd charts at this time.. I didn't mean 2 state rate this as a Short becuz its a statement & with statement u must be careful.. I meant 2 put neautral.
D-Rod AmirHossein.J
ooh I mentioned It here. I didn't mean 2 recommend shorting or buying b4 the statement.. The update note is up above ^^
update ? i dont think we need update at chart for changing , we update just for show result ,and result means positive
Hi Rod ! I am seeing a bullish formation in your chart !! Thanks !
waterman waterman
In h1.
D-Rod waterman
its a wedge.. its great 4 reversals & its great at determining the which direction it goes 2 once it breaks the wedge
D-Rod waterman
im shorting it because Core CPI came out to be the same & I expect a Hawkish tone from FOMC. -EU- broke 2 the downside of the wedge
what is your profit target? thx
D-Rod AEDarwish
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