{"id":67253,"date":"2015-01-28T07:48:25","date_gmt":"2015-01-28T12:48:25","guid":{"rendered":"http:\/\/countingpips.com\/?p=67253"},"modified":"2015-01-28T07:59:56","modified_gmt":"2015-01-28T12:59:56","slug":"eurusd-fomc-becomes-more-dovish-this-year","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/01\/eurusd-fomc-becomes-more-dovish-this-year\/","title":{"rendered":"EUR\/USD: FOMC Becomes More Dovish This Year"},"content":{"rendered":"<div id=\"inves-2995283722\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 28, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Analysis by: <a href=\"http:\/\/growthaces.com\" target=\"_blank\" rel=\"nofollow\">http:\/\/growthaces.com<\/a><\/p>\n<p><strong><span style=\"text-decoration: underline;\">GROWTHACES.COM <a href=\"http:\/\/growthaces.com\" target=\"_blank\" rel=\"nofollow\">Forex Trading Strategies<\/a>:<\/span><\/strong><\/p>\n<p><strong><span style=\"text-decoration: underline;\">Trading Positions:<\/span><\/strong><\/p>\n<p><strong>EUR\/USD trading strategy: <\/strong>long at 1.1220, target 1.1550, stop-loss 1.1280<\/p>\n<p><strong>GBP\/USD trading strategy<\/strong>: long at 1.5080, target 1.5250, stop-loss 1.5100<\/p>\n<p><strong>USD\/CHF trading strategy: <\/strong>long at 0.8980, target 0.9180, stop-loss 0.8930<\/p><div id=\"inves-1593973668\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><strong>AUD\/USD<\/strong> <strong>trading strategy: <\/strong>long at 0.7905, target 0.8250, stop-loss 0.7840<\/p>\n<p><strong>NZD\/USD<\/strong> <strong>trading strategy: <\/strong>long at 0.7430, target 0.7750, stop-loss 0.7370<\/p>\n<p><strong>EUR\/GBP trading strategy: <\/strong>long at 0.7470, target 0.7650, stop-loss 0.7390<\/p>\n<p><strong>EUR\/JPY trading strategy: <\/strong>long at 133.90, target 136.10, stop-loss 132.90<\/p>\n<p><strong>EUR\/CHF trading strategy:<\/strong> long at 1.0160, target 1.0650, stop-loss 1.0075<\/p>\n<p><strong>GBP\/JPY trading strategy: <\/strong>long at 179.00, target 182.00, stop-loss 177.55<\/p>\n<p><strong>AUD\/NZD trading strategy: <\/strong>short at 1.0680, target 1.0350, stop-loss 1.0770<\/p>\n<p><strong><span style=\"text-decoration: underline;\">Pending Orders:<\/span><\/strong><\/p>\n<p><strong>USD\/JPY trading strategy: <\/strong>sell at 119.20, if filled target 116.60, stop-loss 120.00<\/p>\n<p><strong>USD\/CAD trading strategy: <\/strong>buy at 1.2350, if filled target 1.2720, stop-loss 1.2250<\/p>\n<p><strong>AUD\/JPY trading strategy:<\/strong> buy at 93.10, if filled target 96.20, stop-loss 92.20<\/p>\n<p><a href=\"http:\/\/growthaces.com\" target=\"_blank\" rel=\"nofollow\"><strong>FOREX TRADING STRATEGIES \u2013 GROWTHACES.COM<\/strong><\/a><\/p>\n<p><strong><span style=\"text-decoration: underline;\">EUR\/USD: FOMC Becomes More Dovish This Year<\/span><\/strong><\/p>\n<p>(long for 1.1550)<\/p>\n<ul>\n<li><strong>Federal Reserve ends its policy meeting today and is widely expected to repeat the pledge it made in December that it will be patient in raising rates.<\/strong> The decision will be announced at 19:00 GMT. Although the real economy figures improved significantly, inflation is far below the Fed\u2019s target because of plunge in oil prices and strength of the USD.<\/li>\n<li><strong>There will be no Yellen news conference after this meeting and no updates to the Fed\u2019s economic forecasts. <\/strong>That is why nothing extraordinary should be expected today.<\/li>\n<li><strong>We should remember that there will be a new set of voters at FOMC meetings this year<\/strong>, probably more \u201cdovish\u201d. Two strong \u201chawks\u201d Charles Plosser, head of the Fed\u2019s regional bank in Philadelphia, and Richard Fisher, head of Fed\u2019s bank in Dallas, no longer have votes this year under the rotation system for Fed bank presidents. <strong>Take a look at our Fed dove-hawk scale and see that the Fed becomes more dovish this year.<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/fed_scale_28012015.png\" alt=\"FOMC Becomes More Dovish This Year\" \/><\/p>\n<ul>\n<li>In line with our medium-term EUR\/USD scenario, <strong>investors are starting to push back their predicted timetable for the first rate hike to December or even 2016<\/strong>. On the other hand, the ECB did what it had to do and <strong>no additional action by the ECB should be expected in the near future.<\/strong><\/li>\n<li><strong>We expect a continuation of the EUR\/USD rise and keep our short-term target at 1.1550.<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/eurusd_28012015.png\" alt=\"EUR\/USD Daily Forex Chart\" \/><\/p>\n<p><span style=\"text-decoration: underline;\">Significant technical analysis\u2019 levels: <\/span><\/p>\n<p>Resistance: 1.1423 (high Jan 27), 1.1453 (10-dma), 1.1646 (high Jan 22)<\/p>\n<p>Support: 1.1224 (low Jan 27), 1.1098 (low Jan 26), 1.1047 (low Sep 8, 2003)<\/p>\n<p><strong><span style=\"text-decoration: underline;\">AUD\/USD Rose After CPI Data, Eyes On The RBNZ Now<\/span><\/strong><\/p>\n<ul>\n<li><strong>Australian inflation braked to 1.7% yoy in the fourth quarter from 2.3% in the third quarter, below the median forecast of 1.8%.<\/strong> The Australian Bureau of Statistics reported outright price falls for petrol, consumer electronics, mobile phones, drugs and fruit and vegetables in the quarter. The largest increases came in tobacco, holiday travel and the cost of buying a home.<\/li>\n<li><strong>However, key measures of underlying inflation amounted to 0.7% in the fourth quarter<\/strong>, <strong>above market forecasts of 0.5% yoy.<\/strong> This reading was taken as diminishing the chances of an imminent cut in rates from the Reserve Bank of Australia. The expectations for monetary policy easing have strengthened especially after surprising rate cut in Canada last week. Moreover, the Monetary Authority of Singapore unexpectedly reduced the slope of its monetary policy band today, adding to pressure on other central banks in the region.<\/li>\n<li><strong>The RBA meeting is scheduled for next week and we do not expect any changes in interest rates.<\/strong><\/li>\n<li><strong>Our buy order on the AUD\/USD was filled at 0.7905<\/strong>, just ahead of the release of CPI reading and the AUD\/USD rose strongly after Wednesday\u2019s data. The move was pretty in line with our forecasts. <strong>Our AUD\/USD trading strategy is to stay long for 0.8250.<\/strong><\/li>\n<li>The AUD rose also against the NZD after the CPI data. In our opinion the rise was short-lived and <strong>the AUD\/NZD rate is likely to go down again today after the Reserve Bank of New Zealand meeting (today 20:00 GMT), as we do not expect monetary easing in New Zealand.<\/strong><\/li>\n<li><strong>If the RBNZ keeps interest rates unchanged, it will be supportive not only for the NZD\/USD but also for the AUD\/USD.<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/audusd_28012015.png\" alt=\"AUD\/USD Daily Forex Chart\" \/><\/p>\n<p><span style=\"text-decoration: underline;\">Significant technical analysis\u2019 levels<\/span>:<\/p>\n<p>Resistance: 0.8026 (hourly high Jan 28), 0.8056 (high Jan 23), 0.8070 (10-dma)<\/p>\n<p>Support: 0.7900 (hourly low Jan 28), 0.7850 (low Jan 26), 0.7814 (low Jul 14, 2009)<\/p>\n<p>&nbsp;<\/p>\n<p>Analysis by: <a href=\"http:\/\/growthaces.com\" target=\"_blank\" rel=\"nofollow\">http:\/\/growthaces.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysis by: http:\/\/growthaces.com GROWTHACES.COM Forex Trading Strategies: Trading Positions: EUR\/USD trading strategy: long at 1.1220, target 1.1550, stop-loss 1.1280 GBP\/USD trading strategy: long at 1.5080, target 1.5250, stop-loss 1.5100 USD\/CHF trading strategy: long at 0.8980, target 0.9180, stop-loss 0.8930 AUD\/USD trading strategy: long at 0.7905, target 0.8250, stop-loss 0.7840 NZD\/USD trading strategy: long at 0.7430, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-67253","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=67253"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67253\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=67253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=67253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=67253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}