Good and bad news | 02 ديسمبر 2019

EURUSD trading plan:

Good and bad news for the Euro. The good news is the positive dynamics of the labor market in Germany. Data from the Federal Labor Office showed the number of people out of work fell by 16,000 to 2.266 million in seasonally adjusted terms and was the biggest fall since February. The positive dynamics of the labor market signals economic growth. The bad news is a positive report on business activity in the United States industry. U.S. manufacturing output accelerated in November to its fastest pace in seven months and services activity also picked up more than expected, a survey of purchasing managers.

Trading recommendation: range 1.0970 -1.1040.

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