Good and bad news

14 August 2019, EUR/USD

Good and bad news

EURUSD trading plan:

Good and bad news for the euro. The good news is the bullish rally in the oil market as the euro and BRENT correlate. A Trump Administration decision to delay the imposition of tariffs on goods imported from China it had a positive impact on the cost of oil. BRENT fixed above the psychological level of 60.00. The bad news is the positive macroeconomic statistics from the United States on inflation for July. The consumer price index increased 0.3% last month, lifted by gains in the cost of energy products and a range of other goods, the government said. The CPI had edged up 0.1% for two straight months. In the 12 months through July, the CPI increased 1.8%.

Trading recommendation: range 1.1150 -1.1215.

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 .
© 2004—2019 FreshForex – Forex broker
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Call

Get bonus

FreshForexInstant deposit