EURUSD – Up
EURUSD trading plan:
Despite a U.S. unemployment rate that has plumbed its lowest levels in nearly 50 years, Federal Reserve remains worried about excessively low inflation. The greenback fell as New York Federal Reserve President John Williams said that the correlation between employment and inflation is “alive and kicking.” In a speech on Friday, Williams said that the Phillips Curve does still exist and the Fed should be “vigilant”. Donald Trump last year publicly chastised the Fed for raising rates and tightening monetary policy, describing it as an obstacle to his administration’s goal of boosting the economy.
Trading recommendation: Buy 1.1325 and take profit 1.1380.
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