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Bad signal for the Federal Reserve

Bad signal for the Federal Reserve | 12 June 2019

12 June 2019, EUR/USD

Bad signal for the Federal Reserve

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. Producer Price Index it is showed a decrease to the level of 1.8% in April. Weaker energy and food prices partially offset the increase in prices of services last month. Investors had forecast the PPI would nudge up 0.1% in May and rise 2.0% on a year-on-year basis. Negative macroeconomic statistics indicate a decline in inflation. This is a bad signal for the Federal Reserve. The Central Bank may reduce interest rates by 0.25% at a meeting on July 31.

Trading recommendation: Buy 1.1325 and take profit 1.1370.

David Johnson
Analyst of «FreshForex» company
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