Fed Chairwoman Janet Yellen has notable credentials for her position as Fed Chair person.
Janet Louise Yellen (born August 13, 1946) is an American economist. She is the Chair of the Board of Governors of the Federal Reserve System, previously serving as Vice Chairwoman from 2010 to 2014. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco; Chair of the White House Council of Economic Advisers under President Bill Clinton; and business professor at the University of California, Berkeley, Haas School of Business.
More about her life and achievements can be found here:
https://en.wikipedia.org/wiki/Janet_Yellen
After two days of FOMC meetings. The decision to leave rates unchanged was announced to the public.
Marriner S. Eccles Federal Reserve Board Building--(Wikipedia)
For release at 2 p.m. EDT September 20, 2017
Information received since the Federal Open Market Committee met in July
indicates that the labor market has continued to strengthen and that economic activity has
been rising moderately so far this year.
Read the rest of the statement here.
https://www.federalreserve.gov/monetarypolicy/files/monetary20170920a1.pdf
You will find the Fed balance sheet normalization statement as well.
But, Francis. Why all this packed information placed in your trading record and post?
What the Fed does affects nearly everyone. And I am no different.
Yesterday early. I had little success in my trading.
After the Fed announcement. My trading success was certainly improved. Ha
Let me show you here.
Early morning/day Trading DOM.
OK. For the possible naysayers and doubters. My "Completed Orders" page:
All of the above was prior to my now much admired lady Chairperson of the Fed . Ha
The markets were acting a little lethargic and was nearly lifeless.
But along gallops up Janet Yellen. Chairperson of the Fed.
Zing and zang. Zoom up and plunge down Rolling sideways too. Rockets, bells, whistles. I loved it.
Hey Janet. Could I nibble a little bite of that action you have created? It looks so yummy.
Sure Francis. Join right in. I will take care of you.
(Of course you know that part scares me a little.)
She will take care of me. Ha Ha
Sure. OK.
So I grabbed a handful of that roaring lion and away we went.
I will show you the results of that wild ride below. We get to dance today after all. lol
Exhibit #1
No I don't love that woman, Janet. I already loves a woman/s. lol
Wait. I heard a denial like that once before. Was his name Willy? Ha
I do have to give credit to Janet though. She can shake the world. Well. She did shake my world at least. Ha
Exhibit #2
Our day would not be complete if we didn't look at one chart. I like blue anyway.
I know Daniels Trading claims them. But he looks away if I show them for him. lol
So friends. I am looking at the world in, "rose colored glasses" now. Ha
Fair warning. Before you listen to this below. Maybe you should down a double shot with beer as the chaser.
You did want to cry in your beer didn't you. lol
Thank you for your viewing time and upvote. I appreciate it.
Francis
Thank you, Francis, for the wonderful music! Trade on the news. This has some impact on the movement of markets. Certain news is able to raise or bring down the auction. Analytics helps You. I wish You success!
@madlenfox
Thank you for your well wishes. I need all of them Ha
Janet Yellen could be one of the most powerful women in the world.
At a minimum. She ranks very high.
So, her words and comments are closely followed by market participants around the world.
All financial instruments are impacted by the Fed.
Francis
Rose Colored Glasses, John Conlee
@pastorike
Yes. The song fit perfectly with my view of the world yesterday.
So, I added it to my post. The comment with the song may have been over the top a little. Ha
Francis
Good job Francis ! A pleasure to watch your posts, keep it like this !!!!
@alextuteu
Thank you for the encouragement. With everyone on Steemit adding what they see and do each day.
We will soon be in the circle of influence around our world.
Francis
I wouldn't be much good at trading in the markets.however I do like to see your post on trading.I know you have put a lot of time and effort in it
@cowboyk
Thank you.
It has become a part of who I am.
Francis
I'm glad you were able to make good on the day, despite the lethargic market!
@bluelightbandit
Thank you. The day is so much more enjoyable when we are successful at what we are trying to do.
I don't like to feel defeated for the day.
Francis
@fproductions
You are welcome.
Francis
Yeah, I'm still lost. It looks like you had a decent day with2 completed trades in the morning and 3 completed in the afternoon. Is this accurate?
@rebeccaryan
To make this easy to start understanding. For now. Just look at the "Trading Dom."
Notice in the upper right hand corner. A green number with a $ sign to the left of it.
That is the dollar amount that is credited to my account.
If that number is red. Then that same red number would debit or subtract from my account.
Look at both of the DOM's They were both "green numbers." And we like green. Ha
Francis
$green up is good.