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Demand for low-income assets

Demand for low-income assets | 26 August 2019

26 August 2019, EUR/USD

EURUSD trading plan:

The U.S.-China trade dispute intensified and this is a positive signal for the euro. Investors are increasing their long positions on low-yield assets, which include the Euro, the Japanese yen and gold. China announced it would raise tariffs on a variety of U.S. products, including cars and farm products. The president said U.S. manufacturers should move their Chinese operations elsewhere or bring jobs back to the United States. President USA D. Trump retaliated against China's tariff move, saying he's raising tariffs to 30% on some Chinese imports after Beijing said it would place added tariffs on U.S. goods.

Trading recommendation: Buy 1.1129 and take profit 1.1155.

David Johnson
Analyst of «FreshForex» company
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