Negative macroeconomic statistics from the USA | 15 Juli 2019

15 Juli 2019, EUR/USD

Negative macroeconomic statistics from the USA

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. In the 12 months through June, the PPI rose 1.7%, the smallest gain since January 2017, slowing from a 1.8% increase in May. In June, wholesale energy prices fell 3.1% after slipping 1.0% in the prior month. Excluding food and energy, goods prices were unchanged for the third straight month. The yield of 2-Year US government bonds fell below 1.85%. Bond yields are 0.528% lower than the Federal Reserve interest rate. This is a negative signal for the U.S. currency.

Trading recommendation: Buy 1.1254 and take profit 1.1301.

David Johnson
Analyst of «FreshForex» company
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