Negative real interest rates in the United States | 16 ديسمبر 2020
16 ديسمبر 2020, EUR/USD
EURUSD trading plan:
The Fed is expected to keep interest rates pinned near zero and to signal where rates are headed in the coming years when it concludes its two-day policy meeting later in the day. We are expecting new guidance on a timeline for the Fed’s massive bond-buying program. This is a positive signal for the European currency. A bullish rally in the precious metals market will provide additional support for the euro, as assets are correlated with each other. The rapid progress in COVID-19 vaccine rollouts is also sparking hopes for a quick world economic recovery.
Investment idea: Buy 1.2150 and take profit 1.2200.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
