Negative macroeconomic statistics from the United States | 10 اكتوبر 2019
10 اكتوبر 2019, EUR/USD
EURUSD trading plan:
We are expecting the bullish rally to continue. The United States will disappoint investors with negative macroeconomic statistics on the consumer price index today. A measure of underlying U.S. producer prices posted the biggest monthly drop in more than four years. The overall producer-price index also dropped 0.3% from August and was up 1.4% from a year earlier. This factor signals a decline in the consumer price index. Low inflation expectations will force the Federal Reserve to cut interest rates at its October 30 meeting.
Trading recommendation: Buy 1.1000 and take profit 1.1030.
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.
