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US Dollar, Japanese Yen Mostly Stronger Ahead of FOMC Decision

Posted 01-27-2010 at 03:56 PM by DailyFX

US Dollar, Japanese Yen Mostly Stronger Ahead of FOMC Decision - Key Comments to Watch For
The US dollar and Japanese yen generally gained across the majors, falling only against the British pound, as risk aversion maintained its hold on the financial markets. US housing data continued to indicate that prices rose in December, but also signaled that demand fell sharply. Indeed, the Commerce Department said new home sales plunged for a second month, this time by 7.6 percent to a record low...
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Stay Lines

Posted 01-27-2010 at 02:47 PM by zdo

Line Changes:
Both red lines are now tentative (dotted). They are not Stay Lines and aren’t actionable at this point either.
Raised angle of lower active Green stay line slightly
Pushed starts and stops of other lines slightly (housekeeping as promised)

Position Changes:
None. Still short.

Order Changes:
None. But standing at the ready to move stop loss orders down to Stay Lines if needed.

Comments:
Consolidating...
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zdo
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EUR Holds Steady Ahead of FOMC Decision, GBP Advances as BoE Holds Hawkish Outlook

Posted 01-27-2010 at 10:47 AM by DailyFX

The Euro bounced back from the low (1.4021) to remain little changed on the day, and the EUR/USD could face increased volatility over the next 12 hours of trading as the Federal Open Market Committee is scheduled to announce its interest rate decision at 19:15 GMT.

Read more: DailyFX - Euro Holds Steady Ahead of FOMC Rate Decision, British Pound Advances as BoE Holds Hawkish Outlook http://www.dailyfx.com/forex/fundame...#ixzz0dp9pERIL
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