Negative macroeconomic statistics from Germany | 29 Noviembre 2019
29 Noviembre 2019, EUR/USD
EURUSD trading plan:
Negative macroeconomic statistics from Germany signal a bearish trend. Cheap heating and low fuel prices contribute to the decline in the consumer price index. This is a negative signal for the Euro zone economy. The benchmark German 10-year Government yield to its lowest since Nov. 1 We are expecting a decline in quotations of precious metals which will have a negative impact on the value of the Euro. The Euro and gold are correlated. Investors are increasing short positions in the precious metals market after positive US-China trade talks.
Trading recommendation: Sell 1.1015 and take profit 1.0988.
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.
