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Negative signal for the euro, but a positive signal for European stocks

Negative signal for the euro, but a positive signal for European stocks | 05 April 2019

05 April 2019, EUR/USD

Negative signal for the euro, but a positive signal for European stocks

EURUSD trading plan:

European Central Bank published the minutes of the last meeting on March 7. Fearing a sharp slowdown in economic growth, the EСB reversed course last month, delaying a planned interest rate hike until 2020. Still, calls by a "number" of policymakers to push the timing of the first rate hike to after the first quarter of 2020 were rejected, with others warning about the risk of committing to policy too far into the future. This is a negative signal for the euro, but a positive signal for European stocks. Investors like the stimulation of the economy by Central Banks and in such periods they buy shares more actively.

Trading recommendation: Sell 1.1245 and take profit 1.1215.

David Johnson
Analyst of «FreshForex» company
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