Important events today:

15:00 UTC – US: ISM Manufacturing Index.

The president of the Fed’s largest regional branch, the FRB New York, expressed the view that the key rate has peaked. This statement was made at the Bretton Woods Committee conference in the US financial capital. John Williams called the regulator’s monetary policy “the most restrictive for the last 25 years”. He forecasts a slowdown in the US economy, but expects inflation to slow to 2.3% next year. Williams emphasized that the Fed will make decisions based on current data, as inflation could still get out of control.

Ahead of the speech of Fed Chairman Jerome Powell and the meeting on December 13, the Fed is sending mixed signals, but analyzing all the information noise, we can say that the signals from the doves are bigger, which is positive for the U.S. stock market and this currency pair, as the assets are correlated.

Recommendations: Buy 147.90/147.65 and TP 148.60.