Low inflation in the United States | 13 Maret 2019

13 Maret 2019, EUR/USD

Low inflation in the United States

EURUSD trading plan:

Euro bulls were delighted with the bad news from the United States. The consumer price index rose 1.5% from a year ago, while core inflation, that excludes volatile food and energy costs, increased 2.1%. That compared to consensus forecasts for them to remain stable at 1.6% and 2.2%, respectively. Federal Reserve seeks to keep inflation close to 2%. Traders remain skeptical that the Fed could move forward with a rate hike this year. Low inflation does not allow the FOMC to raise interest rates. This is a bad signal for the U.S. currency!

Trading recommendation: Buy 1.1276 and take profit 1.1320.

David Johnson
Analyst of «FreshForex» company
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