Negative macroeconomic statistics from the United States | 16 أبريل 2020

GBPUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the British currency. The Federal Reserve said on Wednesday manufacturing production plummeted 6.3% last month, the biggest decrease since February 1946. Data for February was revised down to show output at factories slipping 0.1% instead of edging up 0.1% as previously reported. The highly contagious virus, which causes a respiratory illness called COVID-19, has depressed demand for crude oil, undercutting spending by oil producers on drilling and shaft exploration equipment. Business investment has contracted for three straight quarters.

Trading recommendation: Buy 1.2490 and take profit 1.2588.