11 May 2023, EUR/USD
EURUSD trading plan:
The annual increase in U.S. consumer prices slowed to below 5% in April for the first time in two years, while a key inflation measure monitored by the Federal Reserve subsided, potentially providing cover for the central bank to pause further interest rate hikes next month. The annual CPI peaked at 9.1% last June, posting its biggest increase since November 1981, and is subsiding as last year's initial surge in energy prices drops out of the calculation. The U.S. central bank raised its benchmark overnight interest rate by another 25 basis points to the 5.00%-5.25% range last week, and signaled it may pause its fastest monetary policy tightening campaign since the 1980s, though it kept a hawkish bias. The Fed has hiked its policy rate by 500 basis points since March 2022.
Investment idea: buy 1.0930 and take profit 1.1020.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 