EURUSD – Up
EURUSD trading plan:
The Federal Reserve’s interest-rate hikes lead to a “strong” possibility of recession. Recent inflation data has not been as encouraging as would have liked. The inflation jumped in May; foiling hopes it had reached a peak. Policy makers pivoted to aggressively lifting interest rates this year as they work to tame the hottest inflation in four decades, a shift they acknowledge could slow US economic growth and weaken the labor market. Traders fully expect the US central bank to raise rates by 75 basis points again when officials meet on July 26-27, fund futures show.
Investment idea: sell 1.0037 and take profit 0.9980.
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