The Federal Reserve will raise interest rates | 16 Oktober 2023

16 Oktober 2023, EUR/USD

The Federal Reserve will raise interest rates

EURUSD trading plan:

US consumer sentiment has fallen steadily since October and is now at its lowest level in five months. Most importantly, inflation expectations have deteriorated significantly over the past year. The main deterioration in consumer sentiment and the rise in inflation expectations are probably related to higher gasoline prices, to which consumers are very sensitive, but this does not change the overall picture: it is becoming more inflationary. If you don't count outliers, the trend towards lower inflation has temporarily stopped. Finally, the latest labour market reports suggest that the unemployment rate has been more pro-cyclical. In such a situation, the Federal Reserve should raise interest rates in November, which will be positive for the dollar.

Investment idea: sell 1.0550 and take profit 1.0475.

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.