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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 18 October 2021

18 October 2021, GBP/USD

Positive macroeconomic statistics from the United States

GBPUSD trading plan:

U.S. retail sales unexpectedly rose in September. Retail sales rose 0.7% last month. Data for August was revised higher to show retail sales increasing 0.9% instead of 0.7% as previously reported. In September, sales at auto dealerships rose 0.5% after decreasing 3.3% in August. With unit sales declining, the increase in receipts reflected higher prices. Online retail sales rose 0.6%. Sales at clothing stores jumped 1.1%. More workers returned to offices after the Labor Day holiday and may have needed a new wardrobe after more than a year of working from home. Receipts at building material stores nudged up 0.1% and furniture outlets gained 0.2%.

Investment idea: sell 1.3755 and take profit 1.3700.

David Johnson
Analyst of «FreshForex» company
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