Germany's 10-year bond yield dived below zero percent | 25 Marzo 2019
25 Marzo 2019, EUR/USD
EURUSD trading plan:
Germany's 10-year bond yield dived below zero percent on Friday for the first time since October 2016. IHS Markit's flash composite Purchasing Managers' Index measuring activity in German services and manufacturing, which together account for more than two-thirds of the economy, fell to 51.5 in March, its lowest reading since June 2013. In a worrying sign for the European Central Bank, its favored market gauge of long-term inflation expectations fell to 1.4105. Negative macroeconomic statistics will contribute to the Euro sales.
Trading recommendation: Sell 1.1320 and take profit 1.1280.
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.
