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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 24 March 2021

24 March 2021, GBP/USD

GBPUSD trading plan:

Sales of new U.S. single-family homes fell to a nine-month low in February. New home sales plunged 18.2% to a seasonally adjusted annual rate of 775,000 units last month. Sales decreased in all regions. The record jump in lumber prices and labor and land shortages is increasing costs for builders, hampering their ability to ramp up construction. The dearth of homes is boosting house prices, which together with a sustained rise in mortgage rates since February, is making homeownership more expensive for first-time buyers.

Investment idea: buy 1.3690 and take profit 1.3770

David Johnson
Analyst of «FreshForex» company
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