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Video: EURUSD, GBPUSD and USDJPY Trade Potential on FOMC

Video: EURUSD, GBPUSD and USDJPY Trade Potential on FOMC

2014-10-29 01:26:00
John Kicklighter, Chief Strategist
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Talking Points:

• While the upcoming Fed decision is top billing, there is a lot of event risk moving forward

• Relative monetary policy and general 'risk trends' remain a key delineation of fundamental trading

EURUSD, USDJPY and GBPUSD offer decisive trade opportunity for different outcomes and themes

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

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.

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