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Good and bad news for the Euro

Good and bad news for the Euro | 01 November 2019

01 November 2019, EUR/USD

Good and bad news for the Euro

EURUSD trading plan:

Good and bad news for the Euro. The good news is the negative dynamics of the debt market in the United States. The yield of 10-Year U.S. government bonds shows a decrease, which is negative for the U.S. dollar. With wage growth no longer accelerating, and employment growth cooling, growth in consumer spending is expected to moderate in United States. The bad news for the Euro is the negative dynamics of the oil market, as the Euro and BRENT correlate with each other. The United States is increasing production of black gold, which has a negative impact on the cost of oil.

Trading recommendation: range 1.1100 -1.1190.

David Johnson
Analyst of «FreshForex» company
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