The new signal from Jerome Powell | 29 Abril 2021

GBPUSD trading plan:

U.S. Treasury yields fell after Federal Reserve Chairman Jerome Powell said now is not the time to discuss tapering bond purchases as the economy is still far from meeting the U.S. central bank's employment and inflation goals. Powell made it pretty clear that they are a fairly long way away from tapering. The Fed also acknowledged increasing inflation in its meeting statement, but characterized the price pressures as transitory, as it held interest rates and its monthly bond-buying program steady. Overnight repo rates fell to zero after the Fed left the interest it pays on excess reserves unchanged. This is a bad factor for the dollar!

Investment idea: buy 1.3945 and take profit 1.4006.