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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 10 June 2019

10 June 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. Nonfarm payrolls rose by 75,000 in May. Wage inflation grew just 3.1% on an annualized basis, dropping from the prior month’s reading of 3.2. The U.S. economy created fewer jobs and wage inflation unexpectedly eased, adding to speculation that the Federal Reserve will cut official interest rates for the first time in a decade. Investors expect Federal Reserve interest rates to fall on July 31, 2019. This is a negative signal for the U.S. dollar!

Trading recommendation: Buy 1.1290 and take profit 1.1344.

David Johnson
Analyst of «FreshForex» company
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