06 February 2020, GBP/USD
GBPUSD trading plan:
Good and bad news for the British currency. The UK is pleasing investors with positive macroeconomic statistics. The IHS Markit UK Services Purchasing Managers' Index rose to 53.9 January, a full point higher than a preliminary reading for the month. The survey showed new business in services companies grew last month at the fastest rate since June 2018. "January's PMI surveys give a clear signal that the UK economy has picked up since the general election, as a diminishing headwind from political uncertainty translated into rising business and consumer spending," IHS Markit chief business economist Chris Williamson said. The United States released a positive release on the labor market -this is good news for the dollar. Private-sector payrolls increased by 291,000 in January, the ADP National Employment Report showed, far above expectations of 156,000 job additions.
Trading recommendation: range 1.2950 -1.3040.
In December we have shared a strategy for gold trading, and FreshForex clients have earned 121% from it. This strategy was suitable for trading in December and January.
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How to receive the trading strategy?
1) Fund the account on $100 or more from February 4 to February 29, 2020.
2) send e-mail to school@freshforex.com with the account number, funded on $100 or more.
Make a strong strategic move!
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