EUR/USD:TECHNICAL | FOUNDAMENTAL ANALYSIS | PRICE IS GROWING 🔔

1 Jun 2021

Update yesterdays Idea after Non Farm PayRoll

Our bias continue to be is Bullish

Clarida's comments are reported by Reuters:

Rollback will depend on data;
The unwinding of the restrictions puts upward pressure on inflation ;
The Fed needs to recognize that there is risk in both rising and falling inflation ;
Current data is consistent with subdued inflation expectations;
Gives great weight to inflation expectations;
Important to consider wage and productivity growth along with employment and the share of the active population;
Does not believe cryptocurrencies can replace the money.

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