Good and bad news for the Euro | 19 يوليو 2019
19 يوليو 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. The good news is the positive dynamics of the commodity market. Investors are increasing their long positions on silver and oil. This is a positive factor for the Euro, as the currency correlates with commodities. The bad news is the negative dynamics of the debt market. The yield of 2-Year Germany government bonds fell below -0.75%. Bond yields are 0.75% lower than the ECB interest rate. The European Central Bank may reduce interest rates at a meeting on July 25. This is a negative signal for the Euro.
Trading recommendation: range 1.1220 -1.130.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
