NaughtyPines
Short

WATCHING REACTION OF THE EUR/USD PROXY FXE TO FOMC

AMEX:FXE   INVESCO CURRENCYSHARES EURO CURRENCY TRUST
One of the longer-term trades I've got on is in the Euro/USD proxy ETF , FXE             . I've posted a bit previously on my approach to FXE             , which would be similar to my trading EUR/USD             spot -- sell on strength. In FXE's case, I'm looking to sell on a particular flavor of strength, namely price of the underlying's movement back toward 112.5 or, more ideally, above that in a fashion similar to that we experienced in the "risk off" environment that we saw on 8/24, when FXE             briefly popped above 114, which was a perfect place to add a "rung" to my "laddered" short call credit spreads/verticals that have been placed at expiries of increasing duration. Currently, I've got some rungs on with expiries in late September weeklies, the mid-October monthly, and the December monthly. A November monthly expiration is not yet available, and I'm not sure I want to go all the way out to January until I see what FOMC does next week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out