05 October 2021, EUR/USD
EURUSD trading plan:
Euro zone government bond yields hovered near recent highs on Tuesday as oil prices hit a three-year peak, sparking inflation concerns and potential monetary policy tightening from the European Central Bank. Government bonds are normally viewed as a haven for investors in times of trouble, but inflation has been a major area of concern for investors as they try to position for the removal of unprecedented central bank stimulus. The spike in energy prices has led to renewed fears about inflation accelerating even further than current forecasts are implying, with knock-on implications for central banks and the amount of monetary stimulus we can expect over the coming months.
Investment idea: buy 1.1582 and take profit 1.1635.
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