Good and bad news for the Euro | 03 Julio 2019
03 Julio 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. Bullish rally in the gold market will have a positive impact on the value of the Euro, as there is a correlation between assets. The yield of two-year government bonds is 0.61% lower than the Federal Reserve rate. Investors are expected lower interest rates FOMC it’s July 31. This is a negative signal for the U.S. currency! The bullish rally in the stock markets will have a negative impact on the value of the Euro, as the Euro is the funding currency. The funding currency is inversely correlated with the stock markets.
Trading recommendation: range 1.1260 -1.1340.
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.
