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Positive macroeconomic statistics from China

Positive macroeconomic statistics from China | 11 June 2019

11 June 2019, EUR/USD

Positive macroeconomic statistics from China

EURUSD trading plan:

Positive macroeconomic statistics from China will have a positive impact on the value of the Euro. China's May exports rose 1.1% from a year earlier. China's trade surplus with the United States, a major irritant for Washington, widened to a four-month high of $26.89 billion in May, from $21.01 billion in April. Exports to the U.S. fell at a more moderate pace of 4.2 percent after dropping 13.2 percent in April, while China's imports of U.S. goods declined 26.8% from a year earlier. Investors are expecting poor trading results, but Beijing pleased the traders of the currency market.

Trading recommendation: Buy 1.1315 and take profit 1.1355.

David Johnson
Analyst of «FreshForex» company
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