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Good news for the dollar

Good news for the dollar | 10 May 2019

10 May 2019, EUR/USD

Good news for the dollar

EURUSD trading plan:

Good news for the dollar. First of all, the Labor Department USA said on Thursday its producer price index for final demand increased 0.2 percent last month after jumping 0.6 percent in March. In the 12 months through April, the PPI increased 2.2 percent, matching March's rise. Secondly, The politically sensitive goods trade deficit USA with China decreased 16.2 percent to an unadjusted $20.7 billion, the lowest level since March 2014, also as imports from the world's No. 2 economy fell 6.1 percent. Exports to China jumped 23.6 percent in March.

Trading recommendation: Sell 1.1253 and take profit 1.1219.

David Johnson
Analyst of «FreshForex» company
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