Good and bad news | 29 April 2022

29 April 2022, EUR/USD

Good and bad news

EURUSD trading plan:

German annual inflation rose slightly more than expected in April. Consumer prices, harmonized to make them comparable with inflation data from other European Union countries, rose 7.8% on the year after 7.6% in March, the Federal Statistics Office said. This is a negative signal for the European currency. U.S. gross domestic product fell at a 1.4% annualized rate last quarter, the government said in its advance GDP estimate. Exports tumbled, leading to a sharp widening of the trade deficit, which chopped 3.20 percentage points from GDP growth, the most since the third quarter of 2020. Trade has now been a drag on growth for seven straight quarters. This is a negative signal for the dollar.

Investment idea: range 1.0490 -1.0590.

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