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The FED minutes of the meeting

The FED minutes of the meeting | 08 October 2020

08 October 2020, EUR/USD

The FED minutes of the meeting

EURUSD trading plan:

The FED minutes of the meeting showed there was a consensus among members to keep policy accommodative until the economy has achieved maximum employment and inflation is on track to moderately exceed 2% for some time. The minutes noted, however, that inflation is not expected to meet the central bank's target any time soon. "With the more-accommodative monetary policy assumed in the current forecast, which reflected the recent consensus statement, inflation was projected to moderately overshoot 2 percent for some time in the years beyond 2023." This is a negative signal for the US currency.

Trading recommendation: Buy 1.1750 and take profit 1.1780.

David Johnson
Analyst of «FreshForex» company
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