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Negative statistics for the Federal Reserve

Negative statistics for the Federal Reserve | 28 June 2019

28 June 2019, EUR/USD

Negative statistics for the Federal Reserve

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. GDP Price Index it fell to its lowest level in three years. This is an important indicator for the Federal Reserve. Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised down to a 0.9% rate. Consumer spending was previously reported to have increased at a 1.3% pace in the first quarter. Investors are expected Federal Reserve interest rates to fall on July 31. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.1348 and take profit 1.1381.

David Johnson
Analyst of «FreshForex» company
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