Positive macroeconomic statistics from the United States | 12 April 2019

12 April 2019, EUR/USD

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of the dollar. The number of people who filed for unemployment assistance in the U.S. fell by 8,000 last week to a seasonally adjusted 196,000, the U.S. Department of Labor said. It was the lowest level since Oct. 4 1969, when claims totaled 193,000. We got good news on U.S. inflation this week. This process points to the strength of the American economy! Gold prices are falling rapidly - this is a bad signal for the Euro, as there is a direct correlation between the instruments.

Trading recommendation: Sell 1.1295 and take profit 1.1250.


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.
David Johnson
Analyst of «FreshForex» company
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