Recap FOMC Minutes

SG 261006 1200H

It is a rather dissappointing to know that FED is not going to take any action strategy to battle the current economic situation, core price inflation in USD. For the third meeting in a row, the Federal Reserve left interest rates unchanged at 5.25 percent. This is definitely not what most traders around the world are looking forwards to.

Less hawkish tone of "Going forward the economy seems likely to expand at a moderate pace" and "possibility of a rate cut early next year" has results in a weaker USD and lower yields.

I missed all this action, as I can't get up at around 0215H Singapore time, due to exhaustion in work and study. :(

Not to worry, still some major fundamentals as follows to gear USD:

06:10 GMT Germany ! Gfk Consumer Confidence Survey
12:30 GMT United States !! Durable Goods Orders
14:00 GMT United States !! New Home Sales

How i wish that Speculative Sentiment Index (SSI) and Commitment of traders (COT) report are out everyday so that i can position myself well. :D