Positive American statistics | 11 Maret 2019
11 Maret 2019, EUR/USD
EURUSD trading plan:
American statistics on wages in February will have a positive impact on the value of the dollar. Average hourly earnings rose 0.4% on the month, above forecasts for a 0.3% rise, and by 3.4% on an annualized basis, its highest in 10 years. Wage growth always leads to an increase in the consumer price index. This factor may force the Federal Reserve to raise the discount rate by 0.25% at the end of the year. This is a positive signal for the U.S. currency! The European Central Bank will not raise rates in 2019 - this is a negative factor for the Euro.
Trading recommendation: Sell 1.1250 and take profit 1.1212.
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.
