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Good and bad news for the Euro

Good and bad news for the Euro | 19 July 2019

19 July 2019, EUR/USD

Good and bad news for the Euro

EURUSD trading plan:

Good and bad news for the Euro. The good news is the positive dynamics of the commodity market. Investors are increasing their long positions on silver and oil. This is a positive factor for the Euro, as the currency correlates with commodities. The bad news is the negative dynamics of the debt market. The yield of 2-Year Germany government bonds fell below -0.75%. Bond yields are 0.75% lower than the ECB interest rate. The European Central Bank may reduce interest rates at a meeting on July 25. This is a negative signal for the Euro.

Trading recommendation: range 1.1220 -1.130.

David Johnson
Analyst of «FreshForex» company
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