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Deflation in the United States?

Deflation in the United States? | 13 April 2020

13 April 2020, EUR/USD

Deflation in the United States?

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the European currency. The Labor Department said its consumer price index dropped 0.4% last month amid a tumble in the cost of gasoline, and record decreases in hotel accommodation, apparel and airline ticket prices. In the 12 months through March, the CPI increased 1.5%, the smallest advance since February 2019. Deflation is harmful during an economic downturn as consumers and businesses can delay purchases in anticipation of lower prices.

Trading recommendation: Buy 1.0950 and take profit 1.0999.

David Johnson
Analyst of «FreshForex» company
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