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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 29 September 2021

29 September 2021, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

U.S. consumer confidence fell to a seven-month low in September. The survey from the Conference Board showed consumers less interested in buying a home and big-ticket items such as motor vehicles and major household appliances over the next six months. Consumers were also not as upbeat in their views of the labor market as in the prior month. Economic activity has cooled in recent months as the boost from pandemic relief money faded and infections flared up, driven by the highly contagious Delta variant of the coronavirus. Labor and raw material shortages have also chipped away at growth.

Investment idea: buy 1.1650 and take profit 1.1741.

David Johnson
Analyst of «FreshForex» company
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