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Recession in the euro-area

Recession in the euro-area | 19 September 2022

19 September 2022, EUR/USD

Recession in the euro-area

EURUSD trading plan:

European Central Bank interest rates will need to rise a lot more to get inflation under control, according to Bundesbank President Joachim Nagel. “We’re still very far away from interest rates that are at a level that is appropriate given the current state of inflation,” Nagel said. “More needs to happen, rates have to go up -- by how much is still to be determined,” he said. “We’re still a good way off” from the neutral rate, the level at which monetary policy neither constricts nor stimulates. Speaking in an interview in Ireland, ECB Chief Economist Philip Lane told a mild euro-area recession can’t be ruled out. He also predicted “several” more rate hikes.

Investment idea: sell 1.0025 and take profit 0.9951.

David Johnson
Analyst of «FreshForex» company
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