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The upcoming employment reports will be critical

The upcoming employment reports will be critical | 05 August 2021

05 August 2021, EUR/USD

The upcoming employment reports will be critical

EURUSD trading plan:

U.S. Treasury note yields rose as Fed Vice Chair Richard Clarida spoke at an online economic event. Clarida said he could envision a taper in bond purchases later this year, and that the U.S. economy is on track to meet hurdles the central bank has set for raising interest rates. Clarida also said he was surprised by how much global government bond yields have fallen, but said he does not think the decline was driven by lower inflation expectations. Federal Reserve Chair Jerome Powell and other policymakers have recently emphasized that upcoming employment reports will be critical to the board’s decisions about when and how to cut back on support for the economy.

Investment idea: range 1.1800 -1.1880.

David Johnson
Analyst of «FreshForex» company
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