Positive report of the U.S. Labor Department | 26 فبراير 2021

26 فبراير 2021, GBP/USD

GBPUSD trading plan:

Fewer Americans filed new claims for unemployment benefits last week amid falling COVID-19 infections. Initial claims for state unemployment benefits fell 111,000 to a seasonally adjusted 730,000 for the week ended Feb. 20, the lowest level since November. Though claims have dropped from a record 6.867 million last March when the pandemic hit the United States' shores, they remain above their 665,000 peak during the 2007-09 Great Recessions. In the coming week, claims could be boosted by the stormy weather in the South, which left large parts of Texas in the dark and without water for days. Unadjusted claims for Texas fell last week.

Investment idea: sell 1.3985 and take profit 1.3940.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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