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Positive macroeconomic statistics from China

Positive macroeconomic statistics from China | 30 December 2019

30 December 2019, EUR/USD

Positive macroeconomic statistics from China

EURUSD trading plan:

Positive macroeconomic statistics from China will have a positive impact on the value of the Euro. China's factory activity likely expanded again in December on stronger external demand and an infrastructure push at home. The recovery has been supported by a rebound in external demand, a pick-up in infrastructure investment, a still-resilient property market, and a moderate inventory restocking cycle propelled. The United States and China cooled their trade war earlier this month, announcing a "Phase one" agreement. A bullish rally in the precious metals market will provide additional support for the Euro.

Trading recommendation: Buy 1.1188 and take profit 1.1215.

David Johnson
Analyst of «FreshForex» company
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