Good and bad news | 08 September 2021

08 September 2021, EUR/USD

Good and bad news

EURUSD trading plan:

The U.S. Federal Reserve should move forward with a plan to trim its massive pandemic stimulus programme despite a slowdown in job growth last month, St. Louis Federal Reserve Bank President James Bullard said in an interview with the Financial Times. Bullard dismissed concerns that the labour market recovery was faltering even as the U.S. economy created the fewest jobs in seven months in August after hiring in the leisure and hospitality sector stalled amid resurgence in COVID-19 infections. This is good news for the dollar. The ECB has published fresh statistics on the change in assets on its balance sheet. The indicator rose by €16.2 billion over the last week, against an increase of €138.5 billion a week earlier. The ECB has reduced the rate of asset purchases, which is favorable for the euro rate.

Investment idea: range 1.1800 -1.1890.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus