Good and bad news | 22 Oktober 2019

22 Oktober 2019, EUR/USD

Good and bad news

EURUSD trading plan:

Good and bad news for the Euro. Investors are expected the Federal Reserve to cut interest rates at its October 30 meeting, which is positive news for the Euro. The Federal Reserve buys $ 60 billion in bonds a month. This factor contributes to the decrease in the yield of short term government bonds. The bad news for the Euro is capital inflows into "high-yield" assets. Investors are buying corporate stocks as low interest rates have a positive impact on the stock market. Traders sell gold, which will negatively affect the value of the Euro, as assets are correlated with each other.

Trading recommendation: range 1.1100 -1.1180.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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