Good and bad news | 16 July 2021

16 July 2021, EUR/USD

EURUSD trading plan:

The number of Americans filing new claims for unemployment benefits fell to a 16-month low last week as the labor market gains traction. Initial claims for state unemployment benefits fell 26,000 to a seasonally adjusted 360,000 for the week ended July 10, the lowest level since the middle of March in 2020, the Labor Department said. Data for the prior week was revised to show 13,000 more applications received than previously reported. This is a positive signal for the dollar. A bullish rally in the precious metals market will have a positive impact on the value of the European currency, since assets are correlated with each other.

Investment idea: range 1.1769 – 1.1849.

David Johnson
Analyst of «FreshForex» company
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