Lower rates of the Federal Reserve | 31 July 2019

EURUSD trading plan:

We are expecting Federal Reserve interest rates to decrease by 0.25%.The money market signals a decrease in interest rates. The three-month promissory note shows a yield of 0.25% below the Federal Reserve rate. This is a negative signal for the U.S. currency! Low interest rates force investors to invest in other assets. Bullish rally in the oil market will have a positive impact on the value of the euro. Crude inventories fell by 6 million barrels in the week ended July 26 to 443 million barrels said American Petroleum Institute. That would be longest stretch since they fell for a record 10 consecutive weeks ending in January 2018.

Trading recommendation: Buy 1.1120 and take profit 1.1188.