The Fed will remain hawkish!? | 12 Junio 2023
12 Junio 2023, EUR/USD
EURUSD trading plan:
The Fed is expected to hold rates steady at its June 13-14 meeting, but is likely to remain hawkish and indicate a probable hike in July as inflation stays above its 2% target. Data due on Tuesday is expected to show headline inflation rose at an annual rate of 4.1% in May, while core prices gained 5.3%. The greenback is largely rangebound as investors wait for clearer signs of whether the economy will remain strong and inflation elevated, or if it is headed towards a contraction. The ECB is expected to raise euro zone rates by 25 bps to 4% on Thursday.
Investment idea: buy 1.0727 and take profit 1.0785.
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.
