Forex Strategy: Holding Short EUR/USD Into FOMC Rate Decision

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1307-0.0008

My short EURUSD entry order at 1.2978 has been triggered and I will carry the trade into today's FOMC rate decision, seeing the possibility that Ben Bernanke and company will disappoint dovish expectations. I am initially targeting 1.2830, with a stop-loss set to trigger on a daily close above 1.3126.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3943+0.0055+0.40%
    USDSGD=X
    1.5765+0.0051+0.33%
    EURSGD=X
    2.0220+0.0105+0.52%
    GBPSGD=X
    80.4124-0.6677-0.82%
    SGDJPY=X
    5.5857-0.0246-0.44%
    SGDHKD=X
    2.9855+0.0058+0.20%
    SGDMYR=X
    9,665.0430-63.1406-0.65%
    SGDIDR=X
    4.7151-0.0195-0.41%
    SGDCNY=X
    0.9900+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,242.70-5.10-0.41%
    GCJ16.CMX
    15.72-0.08-0.50%
    SIH16.CMX
    58.76+3.36+6.06%
    ^XAU
    2.010.00+0.17%
    HGH16.CMX
    27.29+1.08+4.12%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.11-0.04
    ^FVX
    1.64-0.06
    ^TNX
    2.50-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.300.00-1.64%
    N21.SI
    1.605-0.005-0.31%
    MC0.SI
    3.56+0.02+0.56%
    Z74.SI
    2.84-0.01-0.35%
    C31.SI
    0.355-0.005-1.39%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.36+0.07+22.03%
    Y35.SI
    62.06+7.42+13.58%
    NF6.SI
    34.85+3.03+9.52%
    NF4.SI
    0.39+0.03+8.33%
    C13.SI
    0.41+0.03+7.89%
    AXJ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.225-0.055-19.64%
    5SY.SI
    0.25-0.03-10.71%
    BCD.SI
    0.90-0.10-10.00%
    AWM.SI
    0.32-0.03-9.86%
    MN5.SI
    0.26-0.03-8.77%
    S29.SI