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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 28 June 2022

28 June 2022, GBP/USD

GBPUSD trading plan:

Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increase and the average contract rate on a 30-year fixed-rate mortgage approaches 6%, reducing affordability. New home sales jumped 10.7% to a seasonally adjusted annual rate of 696,000 units last month. April's sales pace was revised higher to 629,000 units from the previously reported 591,000 units. The average contract rate on a 30-year fixed-rate mortgage increased this week to more than a 13-1/2-year high of 5.81%, from 5.78% last week, according to data from mortgage finance agency Freddie Mac.

Investment idea: sell 1.2300 and take profit 1.2220.

David Johnson
Analyst of «FreshForex» company
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