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Negative statistics on inflation in the United States

Negative statistics on inflation in the United States | 01 July 2019

01 July 2019, EUR/USD

Negative statistics on inflation in the United States

EURUSD trading plan:

Investors are expected Federal Reserve interest rates to fall on July 31. The core personal consumption expenditures price gauge, which excludes food and energy, rose 0.2% from the prior month and 1.6% from a year earlier. The personal saving rate held at 6.1%, matching the lowest since November. Fed officials in their quarterly forecasts last week lowered their outlook for headline PCE inflation to 1.5% this year. The Fed officially targets for 2% inflation. This is a negative signal for the FOMC! We are expecting an increase in the value of the Euro.

Trading recommendation: Buy 1.1340 and take profit 1.1385.

David Johnson
Analyst of «FreshForex» company
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