| Videos | Channels | Search |
Coleman: Fed gives USD boost
Ian Coleman from First 4 Trading is looking to sell into rallies for EURUSD, as the dollar continues to climb. On Wednesday the Federal Reserve announced that rates could rise faster than previously expected, in addition to another USD 10 billion reduction in its monthly bond buyback programme. The bond-buying programme is slated to end next month.
With the announcement from the Fed and the Scottish referendum vote taking place today, Ian notes that pinpointing an entry level for EURUSD is challenging. He is looking to enter the trade around USD 1.290, given Wednesday’s Marabuzo line at USD 1.2906 and bespoke resistance at USD 1.2883. Ian is targeting a move downward toward USD 1.2790 and USD 1.2715. A stop can be located at USD 1.2940 for this medium-term trade.
01:37 minutes
Tags: dollar, dollar index, euro, europe, eurusd, fed, fed chairman, fed meeting, fed stimulus, fed tapering, federal, federal government, federal policy meeting, federal reserve, federal reserve rate hikes, federal rseserve, forex, forex eurusd, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, interest rate, interest rates, interest rates fed, janet yellen, macroeconomics, marabuzo level, marabuzo line, rate hikes, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, scotland, scotland polls, scotland referendum, scotland vote, scottish, scottish election, scottish independence, scottish polls, scottish referendum, scottish vote, trade idea, trade view, traders, traders tale, traders tale ian coleman, traders tale saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, united states