Negative dynamics of the USA credit market | 24 Juni 2019

24 Juni 2019, EUR/USD

Negative dynamics of the USA credit market

EURUSD trading plan:

We are expecting the bull rally to continue. The negative dynamics of the USA credit market signals a new sale on the U.S. currency. The yield of two-year government bonds is 0.59% lower than the Federal Reserve rate. Investors are expected a FED rate cut at the meeting on July 31 and September 18. The Euro zone has pleased investor’s positive macroeconomic statistics. Euro zone business activity picked up a touch this month. Firms in the bloc's dominant service industry staged a modest upturn, with that PMI rising to 53.4 from May's 52.9.

Trading recommendation: Buy 1.1345 and take profit 1.1395.

David Johnson
Analyst of «FreshForex» company
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