High inflation expectations in the United States | 19 Julio 2021

EURUSD trading plan:

The Federal Reserve Center for Microeconomic Data released the Survey of Consumer Expectations, which shows an increase in the median inflation expectations at the short-term horizon. Median inflation expectations increased 0.8 percentage point in June to 4.8% at the one-year horizon, reaching a new series' high, and remained unchanged at 3.6% at the three-year horizon. Median one-year ahead expected earnings growth increased by 0.1 percentage point to 2.6% in June, its highest reading since the start of the pandemic. The mean perceived probability of losing one's job in the next 12 months decreased from 12.6% to 10.9%, reaching a new series' low.

Investment idea: sell 1.1828 and take profit 1.1785.