Good news and bad news | 16 September 2019
16 September 2019, EUR/USD
EURUSD trading plan:
Good news and bad news for the Euro. The good news is a bullish rally in the oil market, as the euro correlates with BRENT. Saturday's attacks on key Saudi Arabia processing plants will test the world's ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world's biggest crude exporter. The bad news is the increase in U.S. government bond yields. The 10-year bond yield is 1.88%. Traders do not like the ECB's soft monetary policy. This factor contributes to the inflow of capital into U.S. assets.
Trading recommendation: range 1.1010 -1.1110.
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.
