The negative signal for the U.S. currency | 03 Junio 2019
03 Junio 2019, EUR/USD
EURUSD trading plan:
The low consumer price index in the United States indicates a decrease in interest rates of the Federal Reserve. This is a negative signal for the U.S. currency. Inflation remains below the U.S. central bank's 2.0% target. That, together with the slowing economy, has increased calls, including from President Donald Trump, for the Fed to cut interest rates. A much weaker inflation pulse than initially thought in the first quarter had led traders to anticipate that the annual core PCE price index would remain at 1.5% in April.
Trading recommendation: Buy 1.1160 and take profit 1.1201.
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.
