The Fed will be cutting rates this year | 13 tháng tư 2023

13 tháng tư 2023, EUR/USD

The Fed will be cutting rates this year

EURUSD trading plan:

Inflation data showing U.S. consumer prices rising less than expected in March may have come as a relief to markets. The Labor Department data showed headline inflation rising 5% on a year-over-year basis in March, against economists' estimates of a 5.2% rise. The core measure, which strips out volatile food and energy prices, climbed 5.6%, in line with consensus estimates. Clearly the inflationary pressures are moving in the right direction. The initial reaction in the market was positive across the board. The futures market jumps higher and the two-year Treasury yield moved lower on the release of this report. Headline inflation coming down more than expected is backing the view of the Fed being basically one more and done.

Investment idea: buy 1.0969 and take profit 1.1025.

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David Johnson
Analyst of «FreshForex» company
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