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Correlation the Euro and emerging markets

Correlation the Euro and emerging markets | 30 May 2019

30 May 2019, EUR/USD

Correlation the Euro and emerging markets

EURUSD trading plan:

Capital inflows to emerging markets will have a positive impact on the value of the Euro. We are see demand in the markets of Turkey, Brazil, Russia - investors buy currencies and shares. The Euro is correlated with emerging market assets. Investors are buying emerging market assets as they expect the Federal Reserve interest rate to fall on September 18. The capital will go away from U.S. assets after the reduction of interest rates in the United States. Investors buy gold and silver -this is a positive factor for the Euro!

Trading recommendation: Buy 1.1115 and take profit 1.1160.

David Johnson
Analyst of «FreshForex» company
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