31 December 2021, GBP/USD
GBPUSD trading plan:
Benchmark 10-year U.S. Treasury yields dipped from one-month highs with no major catalysts to drive market direction and with many traders out before the New Year’s holiday. Investors are wary of U.S. government debt with the Federal Reserve expected to raise rates as soon as May as it faces stubbornly high inflation and an improving economy. The U.S. central bank will release minutes from its December 14-15 meeting next week, which will be evaluated for any new signs that Fed officials are concerned that high inflation will persist longer than previously expected. The yield curve between two-year and 10-year notes was at 78 basis points. This is a negative signal for the dollar.
Investment idea: buy 1.3458 and take profit 1.3510.
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