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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 18 May 2022

18 May 2022, GBP/USD

Positive macroeconomic statistics from the United States

GBPUSD trading plan:

Production at U.S. factories increased more than expected in April amid continued strong demand for motor vehicles and other goods. Manufacturing output increased 0.8% last month after a similar gain in March, the Federal Reserve said. The Institute for Supply Management's index of national factory activity hit more than a 1-1/2-year low in April. A survey from the New York Fed on Monday showed factory activity in New York state fell in May for the third time this year. April's rise in manufacturing output combined with a 1.6% increase in mining to lift industrial production 1.1%. That followed a 0.9% advance in March.

Investment idea: sell 1.2430 and take profit 1.2355.

David Johnson
Analyst of «FreshForex» company
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