Good and bad news | 08 سبتمبر 2021

EURUSD trading plan:

The U.S. Federal Reserve should move forward with a plan to trim its massive pandemic stimulus programme despite a slowdown in job growth last month, St. Louis Federal Reserve Bank President James Bullard said in an interview with the Financial Times. Bullard dismissed concerns that the labour market recovery was faltering even as the U.S. economy created the fewest jobs in seven months in August after hiring in the leisure and hospitality sector stalled amid resurgence in COVID-19 infections. This is good news for the dollar. The ECB has published fresh statistics on the change in assets on its balance sheet. The indicator rose by €16.2 billion over the last week, against an increase of €138.5 billion a week earlier. The ECB has reduced the rate of asset purchases, which is favorable for the euro rate.

Investment idea: range 1.1800 -1.1890.