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FOMC Meeting Minutes
Fed minutes showed yesterday that Fed going to change Rate Guidance as Unemployment Falls.
Federal Reserve policy Makers “agreed it would “soon be appropriate” to revise their guidance about how long the era of record-low interest rates will remain”. While several Policy Makers said that as long as the economic outlook doesn’t change they should continue trim asset purchase by $10 Billion each meeting.
Fed seems on-going with his exit plan with trim 10$ Billion each meeting as long as the outlook for the economic sustain good , while policy makers argued that Unemployment are not enough indicator for the health of labour market .
While Policy makers seems heading to hold interest rate at record low even if unemployment fell below 6.5% as long as Inflation doesn’t exceed 2.00%. Fed seeking to provide clarity on their plans for continuing to support the economy, both with low interest rates and dwindling bond purchases, after unemployment dropped last month to 6.6 percent, the lowest in more than five years.
Dollar index
We still seeing this zone 79.00 - 81.50 as potential trading zone for the coming short-run , where market showing ability for more drop to test 79.00-50, with ability to hold the next short-run trades inside 79.00 - 81.50 zone.
First support at 79.70-90. intraday signals showing trading range between 79.70 - 80.40-50 , where as long as market holding trades below 80.40-50 the ability to sustain drop will affect the market to head toward 79.00-50 zone
while above 80.50 this will be the first signal for ability to continue advance toward 81.30-50 resistance zone.
Source:afbfx
FOMC Meeting Minutes
Fed minutes showed yesterday that Fed going to change Rate Guidance as Unemployment Falls.
Federal Reserve policy Makers “agreed it would “soon be appropriate” to revise their guidance about how long the era of record-low interest rates will remain”. While several Policy Makers said that as long as the economic outlook doesn’t change they should continue trim asset purchase by $10 Billion each meeting.
Fed seems on-going with his exit plan with trim 10$ Billion each meeting as long as the outlook for the economic sustain good , while policy makers argued that Unemployment are not enough indicator for the health of labour market .
While Policy makers seems heading to hold interest rate at record low even if unemployment fell below 6.5% as long as Inflation doesn’t exceed 2.00%. Fed seeking to provide clarity on their plans for continuing to support the economy, both with low interest rates and dwindling bond purchases, after unemployment dropped last month to 6.6 percent, the lowest in more than five years.
Dollar index
We still seeing this zone 79.00 - 81.50 as potential trading zone for the coming short-run , where market showing ability for more drop to test 79.00-50, with ability to hold the next short-run trades inside 79.00 - 81.50 zone.
First support at 79.70-90. intraday signals showing trading range between 79.70 - 80.40-50 , where as long as market holding trades below 80.40-50 the ability to sustain drop will affect the market to head toward 79.00-50 zone
while above 80.50 this will be the first signal for ability to continue advance toward 81.30-50 resistance zone.
Source:afbfx
