Deflation in the United States? | 13 Abril 2020
13 Abril 2020, EUR/USD
EURUSD trading plan:
Negative macroeconomic statistics from the United States will have a positive impact on the value of the European currency. The Labor Department said its consumer price index dropped 0.4% last month amid a tumble in the cost of gasoline, and record decreases in hotel accommodation, apparel and airline ticket prices. In the 12 months through March, the CPI increased 1.5%, the smallest advance since February 2019. Deflation is harmful during an economic downturn as consumers and businesses can delay purchases in anticipation of lower prices.
Trading recommendation: Buy 1.0950 and take profit 1.0999.
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.
