Positive macroeconomic statistics from the United States | 30 June 2023

30 June 2023, GBP/USD

Positive macroeconomic statistics from the United States

GBPUSD trading plan:

The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy's resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department on Thursday reversed a recent jump, which had left initial jobless claims over the prior three weeks hovering at levels last seen in October 2021. The elevated readings had led some economists to conclude that layoffs were picking up as the economy begins to feel the heat from the Fed's hefty rate hikes. Persistent labor market strength is helping the economy to defy predictions of a recession by boosting wages.

Investment idea: sell 1.2626 and take profit 1.2544.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .