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
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus