Tapering | 01 December 2021

01 December 2021, EUR/USD

EURUSD trading plan:

Powell said U.S. central bank in December will discuss whether to end their bond purchases a few months earlier than had been anticipated, pointing to a strong economy, stalled workforce growth, and high inflation that is expected to last into mid-2022. "I think the word 'transitory' has different meanings to different people," Powell told the U.S. Senate Banking Committee. "I think it's probably a good time to retire that word and try to explain more clearly what we mean." That pushed U.S. Treasury yields higher, especially at the short end of the curve. The yield on two-year notes, which reflects short-term interest rate expectations. This is a positive signal for the dollar.

Investment idea: sell 1.1384 and take profit 1.1326.

David Johnson
Analyst of «FreshForex» company
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