10 Februari 2023, EUR/USD
EURUSD trading plan:
Treasury yields continued their climbs across the curve after investors pushed yields on the two-year Treasury above the 10-years by the most since the early 1980s, a sign of flagging confidence in the economy’s ability to withstand additional Fed hikes. Market pricing for US rates to peak in July inched higher as investors digested the fresh data and the drumbeat of central bankers signposting further tightening ahead. Fed Bank of Richmond President Thomas Barkin said it’s important to continue hiking to rein in inflation. His comments echoed sentiment from four Fed officials.
Investment idea: range 1.0710 - 1.0820.