Negative macroeconomic statistics from the United States | 14 April 2022

14 April 2022, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

U.S. monthly producer prices increased by the most in more than 12 years in March amid strong demand for goods and services, the latest sign of persistently high inflation. In the 12 months through March, the PPI jumped 11.2%, the largest year-on-year increase since the current series was introduced in November 2010, after advancing 10.3% in February. The government reported on Tuesday that monthly consumer prices increased by the most in 16-1/2 years in March. But core goods prices dropped by the most in two years, restraining monthly underlying consumer inflation in March. That offered cautious hope that inflation, which by all measures has far exceeded the Fed 2% target, has peaked.

Investment idea: buy 1.0880 and take profit 1.0925.

David Johnson
Analyst of «FreshForex» company
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