15 December 2021, EUR/USD
EURUSD trading plan:
U.S. Treasury yields rose across the curve, though within the previous day's range, after data showed producer prices increased more quickly than expected last month and at the highest annual rate since 2010, solidifying expectations of a hawkish statement from the Federal Reserve. The producer price index for final demand jumped 0.8% last month after advancing 0.6% in October. In the 12 months through November, the PPI shot up 9.6%, the largest gain since November 2010. The U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes was at 79 basis points. The U.S. central bank is expected to signal a faster wind-down of asset purchases, which could also bring closer a start to interest rate hikes.
Investment idea: sell 1.1290 and take profit 1.1240.