20 September 2021, EUR/USD
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.
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