Bullish signal for the dollar | 19 Abril 2022

19 Abril 2022, EUR/USD

Bullish signal for the dollar

EURUSD trading plan:

The U.S. rate futures market has priced in a 96% chance of a 50 basis-point tightening at next month's Fed policy meeting, and about 215 basis points in cumulative rate increases in 2022, providing ample support for the dollar. The benchmark U.S. 10-year Treasury yield, meanwhile, touched a three-year high of 2.88%. Speculators' net long bets on the U.S. dollar fell for a second straight week, according to calculations by U.S. Commodity Futures Trading Commission data released. The value of the net long dollar position was $13.22 billion for the week ended April 15. This is a positive signal for the dollar.

Investment idea: sell 1.0809 and take profit 1.0749.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.