The Fed has raised rates very aggressively | 23 Febrero 2023
23 Febrero 2023, EUR/USD
EURUSD trading plan:
Traders of futures tied to the Federal Reserve's policy rate largely stuck to the view the central bank will keep raising rates a quarter of a point at its next three meetings. The U.S. central bank released minutes of its most recent meeting, Jan. 31 - Feb. 1, showing most policymakers agreed more rate hikes will be needed. After the release the contracts continued to price in a top Fed policy rate in the 5.25%-5.5% range by June, similar to pricing before the release. This is a positive signal for the dollar.
Investment idea: sell 1.0647 and take profit 1.0596.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
