The negative signal for the U.S. economy | 13 May 2020
13 May 2020, GBP/USD
GBPUSD trading plan:
Leading U.S. infectious disease expert Anthony Fauci on Tuesday warned lawmakers that a premature lifting of lockdowns could lead to additional outbreaks of the deadly COVID-19, which has killed 80,000 Americans and brought the economy to its knees. This is a negative signal for the U.S. economy and the dollar! Treasury yields also inched lower amid caution before a speech by U.S. Federal Reserve Chairman Jerome Powell and rising speculation the United States could one day adopt negative interest rates.
Trading recommendation: Buy 1.2270 and take profit 1.2330.
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.
