17 August 2021, EUR/USD
EURUSD trading plan:
Boston Federal Reserve Bank President Eric Rosengren said that one more month of strong job gains could satisfy the U.S. central bank’s requirements for beginning to reduce its monthly asset purchases. “We’ve had two months in a row where we’ve created more than 900,000 jobs and the unemployment rate dropped by half a percent to 5.4%,” Rosengren said during an interview with CNBC. Rosengren said he believed the standard was already met for inflation, which is running slightly above the Fed’s 2% target. The policymaker repeated his view that he would support reducing the purchases of mortgage-backed securities and Treasury securities by equal amounts. He said the program should be completed by the middle of next year.
Investment idea: range 1.1730 -1.1800.
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