Positive macroeconomic statistics from the United States | 10 February 2020
10 February 2020, EUR/USD
EURUSD trading plan:
Positive macroeconomic statistics from the United States will have a negative impact on the value of the Euro. Nonfarm payrolls for the month rose by 225,000, up from a rise of 145,000 in December. This was well ahead of the expected 165,000, according to economists’ forecasts. Average hourly earnings, a measure of wage inflation, rose 0.2% in January, and were up 3.1% year on year. This was well ahead of the expected 3%, according to economists’ forecasts. A positive release on the labor market signals economic growth.
Trading recommendation: Sell 1.0965 and take profit 1.0941
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.
