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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 13 May 2019

13 May 2019, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The consumer price index rose 2.0% from a year ago, while core inflation - investors were waiting for the indicator 2.1%. Inflation has remained stubbornly low despite better-than-expected economic growth and a strong labor market. Fed Chairman Jerome Powell said after the central bank's last policy meeting that there was no compelling reason for interest rates to move either higher or lower in the near term. This is a negative signal for the U.S. dollar.

Trading recommendation: Buy 1.1223 and take profit 1.1268

David Johnson
Analyst of «FreshForex» company
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