Good and bad factors | 15 October 2021

15 October 2021, EUR/USD

EURUSD trading plan:

German bond yields were set for their biggest two-day fall in months. Government bond yields across major developed markets, driven higher over the last month by worries around inflation and hawkish comments from central banks have fallen sharply since Tuesday as markets started to consolidate. Bond yields move inversely with prices. The yield curve continued to flatten after a sharp move on Wednesday. The gap between five- and 30-year yields was last at 79.70 bps, the flattest since mid September. This is a negative signal for the euro. A bullish rally in the gold market will have a positive impact on the value of the European currency, as assets correlate with each other.

Investment idea: range 1.1566 -1.1650.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .