Negative dynamics of U.S. bonds | 18 July 2019

18 July 2019, EUR/USD

Negative dynamics of U.S. bonds

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. U.S. mortgage applications decreased last week, led by a drop in loan requests to buy a home, as some home borrowing costs climbed to their highest level in a month, said the Mortgage Bankers Association. The real estate market is an important element of the American economy. The yield of 2-Year US government bonds fell below 1.82%. Bond yields are 0.555% lower than the Federal Reserve interest rate. This is a negative signal for the U.S. currency.

Trading recommendation: Buy 1.1219 and take profit 1.1271.

David Johnson
Analyst of «FreshForex» company
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