The US labor market remains strong | 10 March 2023

10 March 2023, EUR/USD

EURUSD trading plan:

The Federal Reserve's pledge to redouble its inflation-fighting efforts is spooking some investors, who believe it may end up moving too aggressively after moderating its stance a month ago. Some also worry that the Fed's messaging is becoming erratic as it reacts to successively weak then strong economic data. The Fed risks making a policy mistake if it reacts to recent data with larger rate increases instead of waiting for the impact of higher rates to filter through the economy. Meanwhile, the inversion of the Treasury yield curve has extended to its widest since 1981, as short-term yields have surged above yields on longer-dated debt - a time-honored recession signal.

Investment idea: range 1.0515 - 1.0615.

Join our community on Instagram or Facebook! Every week we give $50 to the trading account to the authors of the most accurate forecasts.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus