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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 31 May 2019

31 May 2019, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The personal consumption expenditures (PCE) price index excluding the volatile food and energy components increased at a 1.0% rate last quarter, the government said. The so-called core PCE price index, which is the Fed's preferred inflation measure, was previously reported to have risen at a 1.3% pace. This is signal indicates the need to reduce the interest rates of the Federal Reserve. Investors expect lower interest rates on September 18. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.1130 and take profit 1.1177.

David Johnson
Analyst of «FreshForex» company
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