Forex Fundamental Analysis – Negative macroeconomic statistics


Negative macroeconomic statistics

EURUSD trading plan:

The Federal Reserve will remain “patient” in deciding on further interest rate hikes, Chairman Jerome Powell said in prepared testimony ahead of a hearing before the U.S. Senate Banking Committee. Negative macroeconomic statistics continue to come from the United States. The Commerce Department said U.S. homebuilding tumbled to a more than two-year low in December. Expensive credits have a negative impact on the real estate sector. This is the consequence of the FOMC aggressive monetary policy. This is a bad signal for the U.S. dollar!

Trading recommendation: Buy 1.1365 and take profit 1.1425.

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