02 March 2022, EUR/USD
EURUSD trading plan:
The U.S. Federal Reserve and some of its major central banking peers will press ahead with lifting interest rates this month, money markets suggest, even as a war on Europe's eastern flank complicates the picture for inflation and economic growth. Money markets now predict fewer than six, 25 bps Fed rate hikes in total this year, compared to mid-February expectations for a total 175 bps of tightening. The dilemma is less acute for the Fed than European peers, given Russia-linked growth setbacks are less likely in the United States. And U.S. inflation is at 40-year highs above 7%, while latest data showed unemployment rolls shrinking to levels last seen in 1970.
Investment idea: sell 1.1100 and take profit 1.1045.
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