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FOMC will adopt yield curve control

FOMC will adopt yield curve control | 10 June 2020

10 June 2020, EUR/USD

FOMC will adopt yield curve control

EURUSD trading plan:

We are expecting an uptrend to develop. U.S. Federal Reserve could take steps to curb a recent rise in bond yields at its policy meeting. This is a negative signal for the U.S. currency! Congress and the White House have approved trillions of dollars so far to help the U.S. economy fight the negative effects of Covid-19, with the Fed particularly entrusted to lend to businesses under its Main Street loans program. FOMC will adopt yield curve control to guide 10-year Treasury yields lower. Additional support for the euro will be provided by a bullish rally in the precious metals market. Investors increase their long positions in gold.

Trading recommendation: Buy 1.1357 and take profit 1.1397.

David Johnson
Analyst of «FreshForex» company
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