10 November 2022, EUR/USD
EURUSD trading plan:
The Federal Reserve will do what it takes to return inflation to its 2% target, and won’t wait for things to settle on their own time, Richmond Fed President Thomas Barkin said. “This slow return to normal levels of inflation could threaten the stability of inflation expectations,” Barkin said. “The Fed can’t let inflation fester and expectations rise. If we back off for fear of a downturn, inflation comes back even stronger and requires even more restraint,” said Barkin, who does not vote on monetary policy this year. “That’s why the Fed is not waiting around for things to settle on their own time. We know inflation is painful and everyone hates it.”
Investment idea: range 0.9990 -1.0090
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