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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 29 July 2021

29 July 2021, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

The goods trade deficit increased 3.5% to $91.2 billion last month, the Commerce Department said. Imports of goods advanced 1.5% to $236.7 billion. There were increases in imports of food, industrial supplies and capital goods. Spending during the pandemic shifted to goods from services, with Americans cooped up at home. With nearly half of the United States population fully vaccinated against the COVID-19, demand for services is picking up. The U.S. economy has rebounded more quickly from the pandemic compared to its global rivals, thanks to massive fiscal stimulus, low interest rates.

Investment idea: buy 1.3920 and take profit 1.3970.

David Johnson
Analyst of «FreshForex» company
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