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  • Minutes of the Federal Open Market Committee October 31-November 1, 2023

    From federalreserve.gov

    The manager turned first to a review of developments in financial markets over the intermeeting period. Financial conditions continued to tighten, driven by higher yields on Treasury securities as well as by lower equity prices and a stronger dollar, which themselves partly reflected higher interest rates. Because earnings expectations had held up well in recent months, the effect of higher interest rates on equity prices likely took place largely through valuations. The rise since July in yields on longer-dated nominal Treasury securities was mostly attributable to increases in real yields. There were small ... (full story)

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GOLD will go up or down?
EURUSD will go up or down?
  •  Guest
  • | IP XXX.XXX.202.24
FED hawkish!
USD will regain its strength. Bound for reversal on the DXY chart.
  •  Guest
  • | IP XXX.XXX.200.154
Gold must sell bocz of Black friday.
Eurusd must go to bullish bocz of DXY is ready trend down 4H and DXY will go to bearish at 99.150. thanks
Quoting Guest
FED hawkish!
gold 1880 soon
The key to making money is to stay invested.
Quoting Saab786
GOLD will go up or down? EURUSD will go up or down?
gold 1880 soon
The key to making money is to stay invested.
Nothing new. Silent. Dovish...
Gold will go higher, is driven by war issues for months to come. Stock markets down.
Gold to go much higher
Quoting Bakker
Gold will go higher, is driven by war issues for months to come. Stock markets down.
Time to smiling Gold
  •  Guest
  • | IP XX.XXX.192.177
I think temporarily hawkish till the end of the year.
very dovish .....
Participants generally noted a high degree of uncertainty surrounding the economic outlook. As upside risks to economic activity, participants noted that the factors behind the resilience in spending could persist longer than expected. As downside risks, participants cited the possibility that the effects on households and businesses of the cumulative policy tightening and tighter financial conditions could be larger than expected, disruptions from a potential government shutdown, and the possibility that the resumption of student loan repayments could weigh on household spending by more than was expected. As upside risks to inflation, participants cited the possibility that progress on disinflation stalls or inflation reaccelerates because of continued momentum in economic activity. A potential for a broadening of the armed conflict in the Middle East was seen as presenting upside risk to inflation through its potential effect on oil prices as well as downside risk to economic activity.
Probability Win = 20% Lose = 80%
  •  Guest
  • | IP XXX.XXX.201.149
USD will recover temporarily against other currencies. Stocks will go up for the rest of the year and Gold & Silver will as well go up.

Nothing new in the Fed's Minutes which means everything will continue as it was.

Gold is very soon going above 2050$. Gold below 2000$ is a 1/1 buy.
Due to resilient and Dovish USD, Gold is technically and fundamentally in the bullish zone and will take the opportunity to complete the cycle to 2074 again.
The manager turned next to expectations for monetary policy. Both market pricing and responses to the Desk's surveys implied that market participants expected that the federal funds rate was at or near its peak and would be held there at least until the June 2024 FOMC meeting; there was a roughly 30 percent probability of a 25 basis point increase at either the December or January FOMC meeting. Regarding balance sheet policy, the surveys showed that respondents had pushed out the date they expected balance sheet runoff to stop, perhaps partly in response to policymakers' communications that balance sheet runoff could continue even after the Committee begins to reduce the target range for the federal funds rate.


so far no new improvement ............. uncertainly, resilent, no hike interest rate more due to max limit reach (even still need hike rate), dovish/very dovish .... weak USD still needed
Probability Win = 20% Lose = 80%
  •  Guest
  • | IP XX.XX.74.233
This lags behind the last CPI numbers. FED is reactionary, and minutes are always lag new data, therefore this is a USD bull trap. USD tempo and momentum already set to the down side; today's upswing is profit taking, it will resume downward move.
Wow still Hawkish the FED
FED Minutes is dovish and silent. Rate cut decisions are coming as the latest core inflation was .2%. Its indicates long-term inflation trend is down. We can see inflation coming soon targeted inflation to 2%. Further rate hike is not possible and rate cut is surely expected.
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  •  Guest
  • | IP XX.XXX.96.86
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