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Neutral news for the market

Neutral news for the market | 29 August 2019

29 August 2019, EUR/USD

Neutral news for the market

EURUSD trading plan:

The United States will release a second-quarter GDP release today. We are expecting the release of data at the median level of forecasts that will have a neutral impact on the market. U.S. President Donald Trump has frequently complained that the dollar is too strong against the currencies of major trading partners, including Europe and China, putting U.S. exports at a disadvantage. He has called on the Federal Reserve to cut interests rates. FED a future which is traded on the CME exchange in Chicago indicates a decline in Federal Reserve interest rates on September 18 and October 30.

Trading recommendation: range 1.1055-1.1135.

David Johnson
Analyst of «FreshForex» company
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