November 30, 2018 06:00:00: Preparing for a dollar-lower market [from Mr. Rikio Shima's newsletter]
Regarding the results of last night’s FOMC (Federal Open Market Committee) meeting minutes, in the investment email magazine “Shima Rikio’s Real-Time Practical Trades” provided by GogoJungle, Mr. Shima writes the following.
The FOMC minutes devote a lot of attention to the technical aspects of the Fed’s policy decision process, and there isn’t much to be seen on the monetary policy front. Also, the minutes reflect past discussions. Since Chairman Powell said yesterday that interest rates are just below a neutral rate, one should interpret this as an indication that monetary tightening may soon come to an end.
After the FOMC minutes were released, the dollar briefly recovered but was sold off again shortly thereafter.
From “Shima Rikio’s Real-Time Practical Trades” (Shima Rikio)Quoted.
“I want to listen to next month’s FOMC and Chairman Powell’s press conference to deepen my judgment,” says Shima. Attention is also on the Brexit vote (12/11) after this weekend’s US-China talks and the FOMC (12/18). (Editorial staff)
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