Good and bad news | 02 January 2020
02 January 2020, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. The good news is the negative macroeconomic statistics from the United States. U.S. consumer confidence unexpectedly dropped for the fourth time in five months in December. The Conference Board’s gauge decreased to 126.5. A bullish rally in the precious metals market will have a positive impact on the value of the Euro, as the European currency correlates with gold and silver. The bad news is an increase in U.S. government bond yields. This factor may force investors to close long positions on the European currency.
Trading recommendation: range 1.1180 -1.1250.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
