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Author Topic: No tapering by FED just yet  (Read 18393 times)

Moonraker

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No tapering by FED just yet
« on: September 18, 2013, 08:12:19 pm »
US markets have shot up after the news ..

Taking into account the extent of federal fiscal retrenchment, the Committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program a year ago as consistent with growing underlying strength in the broader economy. However, the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases. Accordingly, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month.

Full text:- http://www.forexlive.com/blog/2013/09/18/fomc-monetary-policy-announcement-decision-statement-18-september-2013/

Any takers for a down day tomorrow ?  ;)
« Last Edit: September 18, 2013, 08:19:42 pm by Moonraker »
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Moneypenny

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Re: No tapering by FED just yet
« Reply #1 on: September 18, 2013, 08:37:08 pm »
Mmmmm, bring out the champers.
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Patrick

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Re: No tapering by FED just yet
« Reply #2 on: September 18, 2013, 08:40:27 pm »
Damn it! I'm buying again on Monday and I was hoping to get some cheap shares   :frustrated:

On the plus side, my account is going to look good on paper!
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Moneypenny

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Re: No tapering by FED just yet
« Reply #3 on: September 18, 2013, 08:49:20 pm »
SA40 @+404 and climbing, Wall Street +125 and climbing, Germany +103
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Moneypenny

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Re: No tapering by FED just yet
« Reply #4 on: September 18, 2013, 08:59:15 pm »
Wall Street +162,  SAT40 +590
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Moneypenny

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Re: No tapering by FED just yet
« Reply #5 on: September 18, 2013, 09:07:32 pm »
Wall Street +170, SAT40 +600

Good night all.
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Moneypenny

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Re: No tapering by FED just yet
« Reply #6 on: September 18, 2013, 09:28:12 pm »
 :D Me again, gold @ +3.37%, silver @ +5.03%, crude +2.53%.

Okay, that's really it for today.  Cheers.
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Nivek

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Re: No tapering by FED just yet
« Reply #7 on: September 19, 2013, 12:37:35 am »
You're like a kid in a candystore  8)
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Moneypenny

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Re: No tapering by FED just yet
« Reply #8 on: September 19, 2013, 07:42:57 am »
Yes I know, I'm sorry, enthusiasm sometimes gets the better of me, I'll try to tone it down. :)
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Orca

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Re: No tapering by FED just yet
« Reply #9 on: September 19, 2013, 09:09:49 am »
ZAR broke through the 9.70 resistance to 9.54. Hopefully my PNC and MTA will like it.
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I started here with nothing and still have most of it left.
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