Negative macroeconomic statistics from the United States | 25 Octubre 2019
25 Octubre 2019, EUR/USD
EURUSD trading plan:
Investors are expected the Federal Reserve to cut interest rates at its October 30 meeting. This factor contributes to the decline in US government bond yields, which forces investors to open long positions on the Euro. President of the United States Donald Trump calls on the Federal Reserve to actively reduce interest rates. Sales of new U.S. single-family homes fell in September as low inventories continue to weigh on sales even as prices saw the biggest monthly fall in five years. New home sales, which comprise about 11.5% of housing market sales.
Trading recommendation: Buy 1.1105 and take profit 1.1144.
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.
