Good news and bad news | 16 September 2019

16 September 2019, EUR/USD

Good news and bad news

EURUSD trading plan:

Good news and bad news for the Euro. The good news is a bullish rally in the oil market, as the euro correlates with BRENT. Saturday's attacks on key Saudi Arabia processing plants will test the world's ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world's biggest crude exporter. The bad news is the increase in U.S. government bond yields. The 10-year bond yield is 1.88%. Traders do not like the ECB's soft monetary policy. This factor contributes to the inflow of capital into U.S. assets.

Trading recommendation: range 1.1010 -1.1110.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .