20 Oktober 2021, EUR/USD
EURUSD trading plan:
The Federal Reserve will wait until 2023 before raising interest rates, according to a majority of economists polled. While half the members of the U.S. central bank's policy-setting committee projected last month that the Fed would raise its benchmark overnight lending rate - federal funds rate - next year, most economists surveyed were more cautious. Forty of 67 economists said the fed funds rate would rise from its current level of 0-0.25% in 2023 or later, with most clustering around the first quarter of that year. The remaining 27 economists expect a rate hike by the end of next year. This is a negative signal for the dollar.
Investment idea: buy 1.1615 and take profit 1.1677.
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