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Robert Kaplan's Harsh Comments

Robert Kaplan's Harsh Comments | 01 July 2021

01 July 2021, GBP/USD

GBPUSD trading plan:

Federal Reserve Bank of Dallas President Robert Kaplan said he would like the Fed to start reducing its support for the economy before the end of the year, in part to make an abrupt policy tightening less likely later on. “I would prefer sooner” than the end of the year for reducing the Fed’s pace of asset purchases, Kaplan said on Bloomberg TV, adding that the taper should be gradual. Supply and demand balances in the labor market will likely persist, making “explosive” growth in jobs unlikely, he said, though he expects “continued improvement” in the labor market. “I’d like to manage the risk, because there is uncertainty, and upside risk” to his inflation forecast, he said.

Investment idea: sell 1.3825 and take profit 1.3775.

David Johnson
Analyst of «FreshForex» company
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