Good and bad news | 04 9月 2019

04 9月 2019, EUR/USD

Good and bad news

EURUSD trading plan:

Good and bad news for EURUSD. The good news is negative macroeconomic statistics from the United States. The Institute for Supply Management said its index of national factory activity decreased in August to 49.1, the lowest since January 2016. A reading below 50 indicates contraction in manufacturing. U.S. manufacturing data showed the contraction on worries about a weakening global economy and U.S.-China trade tensions. The negative news is a bullish rally in the stock markets. The euro is the funding currency in carry trade and the euro is falling during an uptrend in stocks markets. We are expecting the continuation of the bullish trend in the US stock market and testing the level of 2944 on the #SP500 index.

Trading recommendation: range 1.0940 -1.1025

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus