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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 16 January 2020

16 January 2020, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. For all of 2019, the PPI rose 1.3%. That was the smallest gain since 2015 and followed a 2.6% increase in 2018. This is a negative signal for the Federal Reserve. The Fed, which has a 2% annual inflation target, tracks the core personal consumption expenditures price index for monetary policy. The core PCE price index rose 1.6% on a year-on-year basis. Inflation has been muted despite the United States imposing tariffs on billions of dollars worth of imported Chinese goods.

Trading recommendation: Buy 1.1145 and take profit 1.1175.

David Johnson
Analyst of «FreshForex» company
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