Negative macroeconomic statistics from the United States | 18 May 2020

18 May 2020, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the euro. The Federal Reserve said manufacturing production plunged 13.7%, the biggest drop in the series' history. Data for March was revised to show output at factories dropping 5.5% instead of decreasing 6.3% as previously reported. The Census Bureau said that retail sales fell by 16.4%, after a drop of 8.4% in March. That is considerably worse than the 12% fall expected by analysts ahead of time. The March drop was a tad less steep than the initial estimate of 8.7%.

Trading recommendation: Buy 1.0809 and take profit 1.0860.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus