11 Tháng mười một 2022, EUR/USD
EURUSD trading plan:
The European Central Bank should let long-term borrowing costs rise too, as it increases short-term interest rates to fight runaway prices in the euro zone, ECB policymaker Joachim Nagel said. The ECB has been raising its policy rates at record speed but it is still buying bonds to replenish its 5-trillion-euro stimulus portfolio, which has a dampening impact on long-term bond yields. "I find it inconsistent to move short-end rates in one direction and longer-end rates in the other direction," Nagel said. "When you have two policy normalisation tools at hand, it doesn't make sense to use just one of them." ECB vice-president Luis de Guindos said earlier this week that this so-called quantitative tightening may start while rates are still being increased.
Investment idea: buy 1.0175 and take profit 1.0250.