Negative macroeconomic statistics from the United States

10 October 2019, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

We are expecting the bullish rally to continue. The United States will disappoint investors with negative macroeconomic statistics on the consumer price index today. A measure of underlying U.S. producer prices posted the biggest monthly drop in more than four years. The overall producer-price index also dropped 0.3% from August and was up 1.4% from a year earlier. This factor signals a decline in the consumer price index. Low inflation expectations will force the Federal Reserve to cut interest rates at its October 30 meeting.

Trading recommendation: Buy 1.1000 and take profit 1.1030.


David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
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—2020 FreshForex – Forex broker
manager photo manager photo
We will be pleased to answer any questions you may have



Get bonus

FreshForexInstant deposit