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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1432-0.0055

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
    1.3575-0.0003-0.02%
    USDSGD=X
    1.5518-0.0078-0.50%
    EURSGD=X
    1.9685-0.0002-0.01%
    GBPSGD=X
    78.9136+0.1132+0.14%
    SGDJPY=X
    5.7168-0.00020.00%
    SGDHKD=X
    2.9496-0.0149-0.50%
    SGDMYR=X
    9,830.1367-22.2324-0.23%
    SGDIDR=X
    4.7918+0.0079+0.17%
    SGDCNY=X
    1.0172+0.0045+0.44%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,282.90+8.50+0.67%
    GCM16.CMX
    17.56+0.25+1.47%
    SIN16.CMX
    83.27-3.96-4.54%
    ^XAU
    2.16-0.02-0.98%
    HGN16.CMX
    45.21+1.43+3.27%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24-0.02
    ^FVX
    1.78-0.02
    ^TNX
    2.64-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.4250.0000.00%
    N21.SI
    0.380.00-1.30%
    E5H.SI
    0.49+0.04+8.89%
    42R.SI
    0.785+0.015+1.95%
    G13.SI
    3.78+0.02+0.53%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.045+21.43%
    Y35.SI
    0.315+0.030+10.53%
    B49.SI
    0.49+0.04+8.89%
    42R.SI
    0.425+0.030+7.59%
    42W.SI
    0.205+0.014+7.33%
    AZT.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.435-0.095-17.92%
    BLA.SI
    0.455-0.045-9.00%
    BMA.SI
    0.165-0.015-8.33%
    O08.SI
    0.172-0.013-7.03%
    AWQ.SI
    0.20-0.02-6.98%
    AWI.SI