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Low inflation in the United States

Low inflation in the United States | 13 August 2019

13 August 2019, EUR/USD

Low inflation in the United States

EURUSD trading plan:

We are expecting the bullish trend to continue. The report on the consumer price index in the United States will disappoint investors today. Excluding food and energy, producer prices dropped 0.1% from the prior month, compared with projections for a 0.1% gain, a Labor Department report showed Friday. The 2.1% annual increase was the slowest in two years. The report, which measures wholesale and other business selling prices, showed costs declined for guestroom rentals, loan services, physician care and truck transportation of freight. This is factor signals a decrease in inflation that will have a negative impact on the value of the US dollar.

Trading recommendation: Buy 1.1180 and take profit 1.1230.

David Johnson
Analyst of «FreshForex» company
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