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Negative macroeconomic statistics from France

Negative macroeconomic statistics from France | 29 September 2022

29 September 2022, EUR/USD

Negative macroeconomic statistics from France

EURUSD trading plan:

French consumer sentiment fell by more than expected in September, according to a monthly survey, as worries about inflation weighed on the euro zone's second-biggest economy. The INSEE national statistics office said consumer sentiment fell to 79 points in September, down from 82 in August. This is a negative signal for the European currency. The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association showed. This is a positive signal for the dollar.

Investment idea: sell 0.9715 and take profit 0.9650.

David Johnson
Analyst of «FreshForex» company
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