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newdigital, 2014.10.29 05:34
Video: EURUSD, GBPUSD and USDJPY Trade Potential on FOMC
If the FOMC decision significantly alters the Dollar's position in the monetary policy ranks, what pair is best positioned for the change? What trades are primed for a significant 'risk' response to the central bank's actions? The upcoming monetary policy decision holds significant sway over both immediate volatility levels as well as big-picture fundamental trends. Against a backdrop of surprisingly low volatility readings, a tremendous rebound in equities and a stubborn US Dollar position; there are heavy biases and plenty of opportunity. These different facets position GBPUSD as a favored relative yield setup, USDJPY as a key 'risk' trade and EURUSD a balance of both worlds. We look discuss these pairs, the FOMC rate decision and other event risk ahead in today's Trading Video.