22 Tháng bảy 2022, EUR/USD
EURUSD trading plan:
The European Central Bank raised its key interest rate by 50 basis points, the first increase in 11 years and the biggest since 2000 as it confronts surging inflation even as recession risks mount. The ECB said in a statement that further normalization of interest rates will be appropriate at upcoming meetings prompting traders to step up wagers on the pace of tightening. This is a positive signal for the European currency. The collapse of Italy’s government is awakening a dormant threat in European bond markets. Credit-default swaps suggest traders are starting to worry about a future administration pulling or crashing the nation out of the euro. They are buying newer swaps, which offer more protection against such an event, driving up their premium to older swaps to the highest since 2018.
Investment idea: range 1.0160 - 1.0250.