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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 18 January 2021

18 January 2021, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

U.S. retail sales fell for a third straight month in December as renewed measures to slow the spread of COVID-19 triggered job losses. Retail sales dropped 0.7% last month. Data for November was revised down to show sales tumbling 1.4% instead of 1.1% as previously reported. The monthly decline in sales was led by a 4.5% plunge at restaurants and bars after many authorities banned indoor dining over the holiday season. Online sales tumbled 5.8%. Receipts at electronics and appliance stores dropped 4.9%. Consumers also cut back spending at sporting goods, hobby, musical instrument and book stores as well as beverage stores.

Investment idea: Buy 1.3550 and take profit 1.3605.

David Johnson
Analyst of «FreshForex» company
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