22 Febrero 2019, EUR/USD
EURUSD trading plan:
The Commerce Department U.S. said new orders for key U.S.-made capital goods unexpectedly fell in December, pointing to a further slowdown in business spending on equipment that could crimp economic growth. Index Philadelphia Federal Reserve's gauge on U.S. Mid-Atlantic business activity declined in February to its weakest level since May 2016. The National Association of Realtors said existing home sales fell 1.2% in January from the prior month to a seasonally adjusted annual rate of 4.94 million units. Investors were expecting a 0.8% increase to 5.01 million homes. This is a bad signal for the U.S. us dollar!
Trading recommendation: Buy 1.1320 and take profit 1.3080.
GBPUSD trading plan:
The pound demonstrates weakness lower amid a lack of progress on Brexit talks just weeks ahead of the March 29 deadline when the U.K. is set to leave the EU. "The worst can be avoided but I'm not very optimistic when it comes to this issue," said Jean Claude Juncker said Thursday following talks with U.K. Prime Minister Theresa May. The US dollar also has problems. New orders for durable goods, excluding volatile items, fell unexpectedly in December. Negative macroeconomic data supports the Fed’s decision to be patient with regards to interest rate hikes.
Trading recommendation: range 1.3000 -1.3080.
USDJPY trading plan:
The course of trading will depend on the dynamics of the stock markets. U.S. bank profits were up 18.5% in the fourth quarter of 2018 compared to one year prior. Profits were driven by lower taxes and higher operating revenues. Banks have by and large benefited from the tax overhaul, enjoying record profits since its enactment, driven in part by their lower effective tax rate. The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war. This is a positive signal for the stock market! USDJPY and S&P500 have a direct correlation.
Trading recommendation: Buy 110.60 and take profit 111.08.