A positive signal for the European currency | 18 10月 2022

18 10月 2022, EUR/USD

EURUSD trading plan:

The German government is aiming to cushion an expected recession with its investment programmes, but without fuelling inflation, Economy Minister Robert Habeck said. "We have a chance with the right stimulation to manage both: to cushion the recession, maybe not even to let it get too deep and too long, and at the same time not to fuel inflation," he told the German-Czech Economic Forum in Prague. This is a positive signal for the European currency. Earlier in the month, the New York Fed also reported an easing of supply chain pressures. As of September, the bank's Global Supply Chain Pressure Index had eased for five straight months, leading the bank to note that the index "year-to-date movements suggest that global supply chain pressures are beginning to fall back in line with historical levels." This is a negative signal for the dollar.

Investment idea: buy 0.9825 and take profit 0.9910.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus