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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 17 January 2020

17 January 2020, EUR/USD

Positive macroeconomic statistics from the United States

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of the dollar. U.S. holiday sales rose 4.1% in 2019 from a year earlier, as steady wage and jobs growth encouraged shoppers to splurge on groceries, beverages and furniture said the National Retail Federation. The holiday sales, excluding automobile dealers, gasoline stations and restaurants, rose to $730.2 billion. The trade body also said online and non-store sales, which are included in the overall number, grew 14.6% to $167.8 billion. This is a positive factor for the American economy!

Trading recommendation: Sell 1.1140 and take profit 1.1111.

David Johnson
Analyst of «FreshForex» company
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