Negative macroeconomic statistics from the United States | 05 August 2019
05 August 2019, EUR/USD
EURUSD trading plan:
Negative macroeconomic statistics from the United States will have a positive impact on the value of the euro. U.S. job growth slowed in July and manufacturers slashed hours for workers. Nonfarm payrolls increased by 164,000 jobs last month, the government said. The economy created 41,000 fewer jobs in May and June than previously reported. The average workweek fell to its lowest level in nearly two years. Investor’s expecting lower interest rates from the Federal Reserve on September 18. This is a negative factor for the U.S. dollar!
Trading recommendation: Buy 1.1099 and take profit 1.1149.
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.
