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Boripat

Why were there no significant move after the FOMC's release?

I though it's like one of the most watched release? if it is how come nothing really hapened after the interest rate decision was released? I noticed some 50 pips move up and down after the release but they were all pulled back? why? lol

over 2 years ago

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DarthTrader

You also have to consider there is a ton of news out the rest of the week. We have EUR and GBP interest rate announcements coming today, USD Non-Farm Payroll and G20 on Friday. So there is a lot of that cake left to bake for the week.Also remember that the news that is coming at the end of the week is what could influence interest decisions at the next meeting. They have already looked at the previous numbers and gave their thoughts today on that data.Now the news is mostly concerned about employment. The US Economy is 2/3 reliant on the consumer. With no employment gains and continued losses these are the numbers they need to focus on going forward to see if there is any REAL recovery going on. There can be no recovery without the US consumer... who for a large part are unemployed, underwater on bills, they need money and then they need to spend it for a real recovery.Peace

over 2 years ago

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ForexNinja

I think you mean to say is that there was no significant move in ONE DIRECTION after the release. I think a 50-pip swing up and down within a few seconds is a big move, in my opinion, especially since how some day trades have a 20-50 pip profit target/stop loss points. Within those few seconds, a currency trader could've entered the market, hit his profit target or stopped out.

over 2 years ago

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