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The FED report

The FED report | 18 April 2019

18 April 2019, EUR/USD

The FED report

EURUSD trading plan:

The latest FED report can be estimated as moderately negative for the U.S. dollar. Labor markets remained tight across the United States as businesses struggled to find skilled workers and wages grew modestly -said Federal Reserve. Prices have risen modestly since the last Beige Book, with tariffs, freight costs and rising wages often cited as key factors. Positive macroeconomic statistics from China will have a positive impact on the value of the Euro. Data showed China's economy grew at a steady 6.4% pace in the first quarter, defying expectations for a further slowdown.

Trading recommendation: Buy 1.1285 and take profit 1.1325.

David Johnson
Analyst of «FreshForex» company
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