Good and bad news | 18 November 2019

18 November 2019, EUR/USD

Good and bad news

EURUSD trading plan:

Good and bad news for the Euro. The good news is a bullish rally in the oil market. Positive trade talks between Washington and Beijing forced investors to increase long positions in the hydrocarbon market. The Euro and BRENT are correlated. Positive macroeconomic statistics from the United States will have a negative impact on the value of the Euro. Retail sales gained 0.3% last month. Economists had forecast retail sales climbing 0.2% in October after falling in September for first time in seven months. Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.3% last month.

Trading recommendation: range 1.1024 -1.1095.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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