Good news and bad news | 25 سبتمبر 2019
25 سبتمبر 2019, EUR/USD
EURUSD trading plan:
Good news and bad news for the euro. The U.S. House of Representatives will launch a formal impeachment inquiry over whether Trump sought help from the Ukraine to smear former Vice President Joe Biden, a front-runner for the 2020 Democratic presidential nomination. This is positive news for the euro. U.S. banks are running a dollar deficit as the fiscal year ends on September 30. The Federal Reserve implements REPO operations to correct the negative trend, but the demand for dollars from primary dealers is high. This is negative news for the euro.
Trading recommendation: range 1.0950 -1.1028.
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.
