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Negative forecasts for the U.S. economy

Negative forecasts for the U.S. economy | 21 December 2021

21 December 2021, EUR/USD

EURUSD trading plan:

Some investors expect the U.S. economy to grow more slowly next year after a key Democratic lawmaker dealt a seemingly fatal blow to President Joe Biden's $1.75 trillion spending plan, further clouding an outlook that was facing heightened risk from the rapid spread of the Omicron variant of COVID-19. One shift that traders say could slow growth is the reduction of an enhanced tax credit that sent families monthly payments of up to $300 per child but which is set to expire on Dec. 31. The Fed announced last week that it would double the pace of its bond-buying wind-down in response to strong employment growth and the surge in inflation and signaled it could raise interest rates three times next year.

Investment idea: buy 1.1255 and take profit 1.1310.

David Johnson
Analyst of «FreshForex» company
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