The tightening | 06 12月 2021

06 12月 2021, EUR/USD

The tightening

EURUSD trading plan:

St. Louis Federal Reserve Bank called for the Fed to begin tightening monetary policy, citing unexpectedly high inflation, strong economic growth and a labor market that is very tight and poised to strengthen further. "These considerations suggest that the FOMC at upcoming meetings may want to consider removing accommodation at a faster pace," Bullard told the Missouri Bankers Association, referring to the Federal Open Market Committee which sets U.S. monetary policy at the Fed. Bullard has been among the most hawkish of Fed policymakers, urging the central bank to end its bond-buying program by early next year to put the Fed in position to start raising interest rates as early as the spring if needed to contain inflation.

Investment idea: sell 1.1311 and take profit 1.1265.

David Johnson
Analyst of «FreshForex» company
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