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The negative signal for the U.S. economy

The negative signal for the U.S. economy | 13 May 2020

13 May 2020, GBP/USD

GBPUSD trading plan:

Leading U.S. infectious disease expert Anthony Fauci on Tuesday warned lawmakers that a premature lifting of lockdowns could lead to additional outbreaks of the deadly COVID-19, which has killed 80,000 Americans and brought the economy to its knees. This is a negative signal for the U.S. economy and the dollar! Treasury yields also inched lower amid caution before a speech by U.S. Federal Reserve Chairman Jerome Powell and rising speculation the United States could one day adopt negative interest rates.

Trading recommendation: Buy 1.2270 and take profit 1.2330.

David Johnson
Analyst of «FreshForex» company
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