The high inflation is transitory | 16 9月 2021

16 9月 2021, EUR/USD

The high inflation is transitory

EURUSD trading plan:

The 10-year U.S. government bond yield touched a fresh three-week low following economic data that showed U.S. import prices fell for the first time in 10 months in August, further evidence that inflation had probably peaked. The Federal Open Market Committee’s two-day policy meeting next week should provide some clarity on the outlook for tapering and interest rates. Economic data is starting to underpin the idea that high inflation is transitory. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at 109.9 basis points.

Investment idea: buy 1.1775 and take profit 1.1845.

David Johnson
Analyst of «FreshForex» company
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