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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 26 April 2023

26 April 2023, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

U.S. consumer confidence dropped to a nine-month low in April as worries about the future mounted, further heightening the risk that the economy could fall into recession this year. The consumer confidence survey from the Conference Board also suggested that Americans were getting ready to hunker down as dark clouds gather, with the share of them planning to buy major household appliances over the next six months falling to the lowest level since 2011. The drop reflected a deterioration in expectations for consumers under 55 years and households earning $50,000 and over annually, suggesting a broadening in concerns about the economy beyond low-income households.

Investment idea: buy 1.0945 and take profit 1.1055.

David Johnson
Analyst of «FreshForex» company
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