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Good and bad news

Good and bad news | 03 December 2019

03 December 2019, EUR/USD

Good and bad news

EURUSD trading plan:

Good and bad news for the Euro. Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The U.S. economy's manufacturing sector contracted for a fourth straight month in November as new order volumes slid back to around their lowest level since 2012. The Institute for Supply Management said its index of national factory activity fell to 48.1 from 48.3 the month before. The bad news is the demand for "high-yield" assets. Investors are increasing long positions on "high-yield" assets, which will negatively affect the value of the Euro and gold.

Trading recommendation: range 1.1030 -1.1105.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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