Negative macroeconomic statistics from the USA | 22 May 2019

22 May 2019, EUR/USD

Negative macroeconomic statistics from the USA

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March's sales pace was unrevised at 5.21 million units. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago, the 14th straight annual decrease. Investors were waiting for a positive release and were upset. The real estate market is an important element of U.S. GDP. The bad news indicates an economic downturn.

Trading recommendation: Buy 1.1145 and take profit 1.1185.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.