This week, Forex experts recommend taking short-term short trades in the EURUSD currency pair.
My forecast produced no trades as neither of these set-ups emerged over the week, which was enough to stay out of trouble on the long side.
so the market took it as a sign that the Fed will have to maintain a very hawkish course of rate hikes and a generally tighter course of monetary policy. This boosted the US Dollar and the 2-year USD yield. US inflation data to be released this week is expected to show a month-on-month increase of 0.2%, with core CPI expected to climb by 0.5%.
, plus a five-quarter recession producing an economic contraction of 2.2% in GDP. This is one of the most negative outlooks seen in any G20 country.
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