Negative dynamics of the USA credit market | 24 Juni 2019
24 Juni 2019, EUR/USD
EURUSD trading plan:
We are expecting the bull rally to continue. The negative dynamics of the USA credit market signals a new sale on the U.S. currency. The yield of two-year government bonds is 0.59% lower than the Federal Reserve rate. Investors are expected a FED rate cut at the meeting on July 31 and September 18. The Euro zone has pleased investor’s positive macroeconomic statistics. Euro zone business activity picked up a touch this month. Firms in the bloc's dominant service industry staged a modest upturn, with that PMI rising to 53.4 from May's 52.9.
Trading recommendation: Buy 1.1345 and take profit 1.1395.
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.
