EURUSD – Up
EURUSD trading plan:
America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of Los Angeles. The merchandise keeps flooding in from across the Pacific, and for one of the busiest U.S. warehouse complexes, things are about to get worse. But a consumer spending pullback now threatens to swamp warehouses here and around the country with more goods than they can handle – worsening supply-chain snarls that have stoked inflation. Retailers left holding unwanted goods are faced with the choice of paying more money to store them or denting profits by selling them at discount. This is a negative signal for the U.S. economy.
Investment idea: buy 1.0148 and take profit 1.0200.
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