FOMC Analysis 9/7/14

FX:XAUUSD   Gold Spot / U.S. Dollar
Im pretty sure that the announcemt of lowering the QE additional by 15 billion $ and the positive forecast about the economy in the second quarter year will push the price down.

Last FOMC protocol had its impact on the following day where the gold             price rose from 1272 to 1320.

Maybe this time it will happen again but in the other direction.

The reason why this should happen is that the employment rate and the Non Farm Payrolls had a very positive result for June and last results in May were not very convincing and the FOMC protocol was very neutral and this led to an rise. But this time the rates were really convincing and the FOMC announced more lowering of QE and this should convince the market for a downtrend.
There was a third divergence and we see what happened.
There is lots of hope for a reversal and lots of good opportunities for higher short positions.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out