Euro/dollar: good news

in the afternoon on Thursday, the main bidding went about 1.0220, investors still hold a growing impulse in force, but it can break at any time. The daily bid picture of EUR/USD confirms the completion of the ascending correction to 1.0220-1.0235 and the consolidation nearby. The breakdown of the area down, at the same time, will open the way to sellers for movement to 1.0150 and below.

FRS issued precisely the verdict to which investors counted: raised a rate of 75 basic points to a range of 2.25-2.50% per annum. At this pace, the rate can reach 3% until the end years even without special tension.

in the comments of the Fed said that she was continuing to reduce her own balance sheet. The activity consists in the rejection of the reinvestment schemes received from the papers, whose period of circulation has expired. In general, the Fed sees the relative weakness of production and consumer indicators, however, the situation in the labor market is characterized as favorable due to the active growth of the number of jobs with relatively low unemployment parameters.

inflation It remains maximum in 41 years, now it is 9.1% per annum and these are very high levels for the United States. The long-term inflation goal is 2%, and the Fed is counting on approaching it after the phase of adequate tightening of monetary policy.

in the future does not exclude an increase in the rate by 75 BP, but the decision will be made based on relevant information about the state of the economy. Everything is exactly as it should be. Today it is worth paying attention to the first publication for US GDP for the II quarter, as well as a performance Finance Minister Janet Yellen.