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Big Day for US as FOMC decision on Tapering announced

This evening at 19:00 GMT the FOMC will decide whether to keep the Tapering program going,
most traders expect the same rate of buying bonds to continue,
although there are a few doubt surrounding the market due to the latest bad data in US
Fundamentally, a continuation of the tapering program will broadly strengthen the USD
and put pressure on emerging markets - currencies
The US will be sticking to its path that it has set out for a stronger economy
If we look at the technical aspect, a contin…
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FOMC meeting yesterday changes little

At yesterday's FOMC meeting a lot was said - but traders mostly read between the lines:
good news (but we are not there yet) concerning economic recovery, most members supported tapering last month,
there is a little worry though about deflation which could slow economic recovery or cause new problems
All in all no real reasons to cause new optimism, and the dollar fell slightly after the meeting
The Euro fell quite hard, too - just before the meeting when dollar strength was greatest in anticip…
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agree with u

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Time to dive back into selling the Yen

A new week is about to start
and I think it will be time to dive right in into selling the Yen against everything as soon as market opens
With the FOMC decision on tapering coming up on wednesday
(God, I hope I got that right this time :-)
Usd/Jpy will be going up before then in anticipation of the tapering decision
My plan is to buy now, and get out just before the news,
because on the day noone really knows what will happen
Tapering is the far most likely outcome, and that should boost Usd/Jpy…
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Perfect Head and Shoulders formed in NZD/USD

A near-perfect Head and Shoulders pattern has been formed in NZD/USD; is this a signal for a reversal in morethan one pair?
NZD has been a very strong performer lately, and the only thing likely to bring it down is fundamentals,
and specifically US tapering in December - we will find out if this happens..
On the first daily chart we see the classic H&S setup, we can clearly see the Shoulders and the Head,
and the neckline is drawn horizontally across the lowest support points within the pattern
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AdamFx42 11 Nov.

The edit- button does not seem to be working, when I click on it I am directed to the community page?

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AdamFx42 11 Nov.

Anyway, what I wanted to edit was: I don't think the target of this pattern will be reached on Jan 2, but the 100% Fibonacci support around 80.8 will not likely hold, and will be broken to around 80 - hence my target of 79.99

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AdamFx42 15 Dec.

The pair has rejected the neckline for now - will need some bad news about US tapering to send it lower

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AdamFx42 18 Dec.

Approaching the neckline again - I do hope it breaks forgood now

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AdamFx42 29 Dec.

Neckline challenge again - it will have to be a very forceful breakout now

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