Beige Book

The Beige Book is a report by the Federal Reserve and is considered a major market mover for the US Dollar.
The Beige Book is published eight times a year, generally one week before the meeting of the FOMC. The name, "beige book" replaces the full title: Summary of Commentary on Current Economic Conditions by Federal Reserve District.Beige Book: what is it?
Essentially, the Beige Book gathers in a unique relationship to the data provided by the Federal Districts of the Federal Reserve about production, consumption, sales, financial and banking, energy, agriculture, etc. to help provide a true and full of 'economy of the district to which they refer.
The 12 Federal Districts that make up the central body of the Federal Reserve provide different reports, each relative to its district of competence.
The contents of the Beige Book are, in substance, the representation of the topics that will be discussed at the next FOMC meeting.Beige Book: the only one open to all
The Beige Book is not the only source of information used by the Federal Reserve, but is the only one to be made available to anyone and in full online. There are in fact also the "Green Book" and the "Blue Book" containing estimates of economic and monetary policy proposals that will be subsequently discussed by the Federal Reserve and that, however, are private publications, reserved to the members of the FOMC.Beige Book and Forex: such reactions can arouse?
Although the publication of the Beige Book is always eagerly awaited, generally the release of the report has very limited effects on the short term. On the contrary, this report gives way to a series of speculations and forecasts among analysts and investors about the future of monetary policy of the Federal Reserve.
The modest impact on the very short term is also due to the linguistic style of the Beige Book, deliberately difficult to decode. However, investors and analysts are waiting for the publication of this report because it can give you, in the long run, information about the evolutionary possibilities of the Fed's monetary policy: for example, about issues that could lead to the change of interest rates and / or reduction of Quantitative easing.