09 августа 2019, EUR/USD
EURUSD trading plan:
We are expecting a continuation of the bullish rally on the euro. Macroeconomic statistics from the United States on the producer price index will disappoint traders. The decline in prices for metals and energy signals a decrease in PPI. This factor will have a negative impact on the U.S. debt market. Yield of 2-Year US government bonds up 0.02, to the level of 1.60%. Bond yields are 0.525% lower than the Federal Reserve rate. This is a negative signal for the U.S. dollar! Investors are increasing their long positions on gold this week. This is a positive factor for the Euro as the assets are correlated with each other.
Trading recommendation: Buy 1.1180 and take profit 1.1220.
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