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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1134+0.0018

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.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3813+0.0011+0.08%
    USDSGD=X
    1.5380+0.0038+0.25%
    EURSGD=X
    2.0171+0.001+0.05%
    GBPSGD=X
    80.5453+0.5605+0.70%
    SGDJPY=X
    5.6237-0.0035-0.06%
    SGDHKD=X
    2.9811+0.0167+0.56%
    SGDMYR=X
    9,874.4697+34.9512+0.36%
    SGDIDR=X
    4.7660+0.0088+0.19%
    SGDCNY=X
    0.9910+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,206.40-16.30-1.33%
    GCQ16.CMX
    15.94-0.40-2.44%
    SIN16.CMX
    79.41-2.71-3.31%
    ^XAU
    2.09-0.01-0.48%
    HGN16.CMX
    49.21-0.27-0.55%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.39+0.04
    ^FVX
    1.85+0.03
    ^TNX
    2.65+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.29-0.02-4.92%
    N21.SI
    0.76+0.02+3.40%
    G13.SI
    0.143+0.005+3.62%
    5DM.SI
    0.795+0.055+7.43%
    5HJ.SI
    3.91-0.02-0.51%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.06+22.45%
    BAZ.SI
    0.525+0.070+15.38%
    BJE.SI
    0.38+0.04+13.43%
    F03.SI
    1.30+0.12+10.64%
    BDV.SI
    0.88+0.08+10.00%
    G41.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.27-0.01-3.57%
    S29.SI
    0.35-0.03-9.09%
    42E.SI
    0.215-0.020-8.51%
    BHO.SI
    0.335-0.025-6.94%
    BFU.SI
    0.27-0.02-6.90%
    BLU.SI