The Fed Desk's surveys of primary dealers

14 October 2021, EUR/USD

The Fed Desk's surveys of primary dealers

EURUSD trading plan:

Around half of respondents to the Fed Desk's surveys of primary dealers and market participants viewed December as the most likely timing of the first reduction in the net pace of purchases, al­though respondents also attached significant probability to the first reduction coming in November. The Federal Reserve to end purchases around the middle of next year. The path featured monthly reductions in the pace of asset purchases, by $10 billion in the case of Treasury securities and $5 billion in the case of agency mortgage-backed securities. The Committee could adjust the pace of the moderation of its purchases if economic developments were to differ substantially from what they expected.

Investment idea: buy 1.1580 and take profit 1.1630.

David Johnson
Analyst of «FreshForex» company
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