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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 18 September 2019

18 September 2019, EUR/USD

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of the dollar. Manufacturing production rose 0.5% last month after an unrevised 0.4% drop in July. That was the largest rise in industrial output since August 2018. Machinery output rebounded 1.6% after dropping 1.7% in July. Primary metals production increased 1.3%. There were also gains in furniture and computer and electronic products output. The Federal Reserve cut interest rates today. Good macroeconomic statistics signal that the FED will no longer cut rates this year.

Trading recommendation: Sell 1.1098 and take profit 1.1045.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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