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.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.