A positive signal from the ECB | 20 September 2021

20 September 2021, EUR/USD

A positive signal from the ECB

EURUSD trading plan:

Euro zone government bond yields reached the highest in over two months. ECB chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025. In addition, euro zone inflation for the month of August was confirmed at a 10-year high of 3%, well above the ECB’s target. The ECB’s response to inflation is currently one of the most talked-about topics in government bond markets. The central bank has pumped unprecedented amounts of stimulus into the COVID-19-hit euro zone economy. But recent inflation figures have shown a sharp increase towards its goal, which would normally lead to a tightening of policy.

Investment idea: buy 1.1700 and take profit 1.1750.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.