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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 18 March 2019

18 March 2019, EUR/USD

EURUSD trading plan:

Investors received a new portion of negative macroeconomic statistics from the United States. U.S. manufacturing output fell for a second straight month in February and factory activity in New York hit nearly a two-year low. February's drop in manufacturing production added to soft reports ranging from retail sales to housing in suggesting the economy lost significant momentum early in the first quarter. At the FED meeting on March 20, the regulator will keep the discount rate and may announce the need to keep the rates until the end of 2019. Weak reports will not allow FOMC to increase bet this year. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.1330 and take profit 1.1385.

David Johnson
Analyst of «FreshForex» company
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