Positive macroeconomic statistics from the United States | 18 ديسمبر 2019

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a negative impact on the value of the Euro. The Federal Reserve said that manufacturing production rose 1.1% last month. There was a 12.4% jump in the production of motor vehicles and parts in November. Overall, production rose 2.1% for consumer goods and 1.7% for business equipment, the Fed said. Utilities output increased 2.9% compared to a decline of 2.4% in the previous month. Boston Federal Reserve President Eric Rosengren said his preference for mitigating volatility in money markets would be for the central bank to continue to maintain its bond portfolio at a sufficient size, as opposed to relaxing bank capital requirements.

Trading recommendation: Sell 1.1135 and take profit 1.1093.

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