US FOMC Federal Fund Rate Decision and Statement 09/23/09

2:15pm (NY Time) US FOMC Rate Decision     Forecast 0.25%  Previous 0.25% ACTION: USD/JPY       BUY 0.50%    SELL <0.25% FOMC is going to render  its Federal Fund Rate decision today, it is likely to be an unchanged verdict by keeping current rate a 0.25%.  As a matter of fact, Fed Fund futures predicts that FOMC will keep rates unchanged […]

US FOMC Meeting Minutes 09/02/09

2:00pm (NY Time) US FOMC Meeting Minutes ACTION: N/A We saw some optimism in the market from last FOMC rate decision as the accompanied statement clearly indicated some improvement and stabilization in the economy. Therefore, with the reminder of this FOMC Meeting Minutes, market could once again return to that state of optimism and some limited […]

Fundamental News Wrap-up for the week of August 10~14, 2009

Last week’s major news was the FOMC rate decision and the accompanied statement, while no one expected any changes in the current Interest rate, most were expecting some kind of optimistic follow-up from the Fed on back of that better than expected NFP releases last Friday.  However, we got the usual rhetoric with a possible […]

US FOMC Rate Decision and Statement 08/12/09

2:15pm (NY Time) US FOMC Rate Decision     Forecast 0.25%  Previous 0.25% ACTION: USD/JPY       BUY 0.50%    SELL <0.25% FOMC is going to release its interest rate decision today, it is likely to be an unchanged verdict keeping current Fed rate a 0.25%.  As a matter of fact, Fed Fund prediction is that FOMC will keep rates […]

US ADP Non-Farm Employment Change 08/05/09

8:15am (NY Time) US ADP NFP Changes    Forecast -351K     Previous -473K ACTION: USD/JPY           BUY -280K      SELL -420K ADP is one of the largest payroll processing providers in the world, and every month it releases its version of Non-Farm Payroll numbers 2 days prior to the official Non-Farm Payroll release.  This release is about 80% accurate […]

US Advanced GDP q/q 07/31/09

8:30am (NY Time) US ADV GDP q/q     Forecast -1.4%     Previous -5.5% ACTION: USD/JPY                                             BUY -1.1%                SELL -1.7% GDP, which is defined (from wikipedia) as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage […]

US Fed. Chairman Bernanke Testifies 07/21/09

10:00am (NY Time) USD Fed. Bernanke Testifies ACTION: BUY: Hawkish SELL: Dovish USD/JPY Fed. Chairman Bernanke is scheduled to testify in front of House Financial Services Committe in Washington DC on the semi-annual policy report.  If Bernanke is hawkish in his tones over future economy outlook, then we should see risk appetite sentiment where USD should […]

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