17 Abril 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. The good news is negative macroeconomic statistics from the United States and rising oil prices. Production at factories dropped at a 1.1 percent annualised rate in the first quarter. That was the first quarterly drop since the third quarter of 2017 and followed a 1.7 percent pace of increase in the October-December period. This is the first quarterly drop in production since President Donald Trump was elected. Investors buy oil amid geopolitical tensions in Libya. This is a good signal for the Euro, as there is a direct correlation between the European currency and oil. The bad news is the decline in the value of gold. The precious metal is now trading at the lowest level in three months.
Trading recommendation: Buy 1.1270 and take profit 1.1310.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 