Good and bad factors | 18 Febrero 2022

18 Febrero 2022, EUR/USD

Good and bad factors

EURUSD trading plan:

Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe Biden said there was every indication Russia planned to attack Ukraine, while Moscow accused Washington of ignoring its security demands. Russian-backed separatists and Ukrainian forces accused each other of firing shells across a cease-fire line and Britain said Russia sought to fabricate a pretext to invade. The bullish rally in the gold market is positive for the European currency, as assets correlate with each other. The European Central Bank has been right to maintain its easy money policy as inflation is set to fall after "transient boosts" from supply snags that may extend into next year, the International Monetary Fund said. This is a negative signal for the European currency.

Investment idea: range 1.1320 -1.1410.

David Johnson
Analyst of «FreshForex» company
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