14 August 2023, EUR/USD
EURUSD trading plan:
U.S. producer prices increased slightly more than expected in July as the cost of services rebounded at the fastest pace in nearly a year, but the trend remained consistent with a moderation in inflationary pressures. The report from the Labor Department also showed goods prices outside food and energy were unchanged last month, indicating that the recent goods disinflation was becoming entrenched. Underlying producer prices also rose moderately. The economy still faces some inflationary pressure from rapidly rising wages, but the cooldown of business input costs should help keep consumer prices on a downward trajectory in the fall. The Fed’s dove versus hawk tug-of-war appears now to be predicated on an ‘insurance’ rate hike later this year, which according to the hawks will help keep inflation expectations anchored.
Investment idea: sell 1.0977 and take profit 1.0910.
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
