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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0984+0.0009

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
    1.3608+0.0033+0.24%
    USDSGD=X
    1.4947+0.0057+0.38%
    EURSGD=X
    1.7854+0.0091+0.51%
    GBPSGD=X
    78.0360+0.109+0.14%
    SGDJPY=X
    5.6984-0.0093-0.16%
    SGDHKD=X
    2.9886-0.0011-0.04%
    SGDMYR=X
    9,655.1484-29.0352-0.30%
    SGDIDR=X
    4.9072-0.0151-0.31%
    SGDCNY=X
    1.0189+0.0066+0.65%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,316.90-6.50-0.49%
    GCQ16.CMX
    19.48-0.21-1.09%
    SIU16.CMX
    103.74-0.30-0.29%
    ^XAU
    2.240.00+0.16%
    HGU16.CMX
    43.82-0.37-0.84%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12+0.02
    ^FVX
    1.570.00
    ^TNX
    2.29-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.34-0.03-8.11%
    5ME.SI
    0.168-0.003-1.75%
    N21.SI
    0.137-0.004-2.84%
    43E.SI
    3.18+0.05+1.60%
    C31.SI
    4.28-0.02-0.47%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.25+0.09+56.25%
    BFT.SI
    0.245+0.045+22.50%
    BTF.SI
    0.40+0.05+14.29%
    BDF.SI
    0.165+0.015+10.00%
    5G1.SI
    0.25+0.02+8.70%
    BLW.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.40-0.05-11.11%
    567.SI
    0.118-0.013-9.92%
    BGK.SI
    0.235-0.025-9.62%
    M1Z.SI
    0.22-0.02-8.33%
    BHO.SI
    0.34-0.03-8.11%
    5ME.SI