Positive macroeconomic statistics from the United States | 08 Abril 2022

EURUSD trading plan:

The number of Americans filing new claims for unemployment benefits fell last week, indicating a further tightening of labor market conditions heading into the second quarter, which could contribute to keeping inflation elevated. Part of the decline in claims back to a more than 53-year low touched in mid-March reflected a revision of the seasonal factors, the model that the government uses to strip out seasonal fluctuations from the data. A severe shortage of workers is keeping layoffs low and boosting hiring. Worker demand is being driven by a sharp decline in COVID-19 infections, which has resulted in restrictions being lifted across the country.

Investment idea: sell 1.0883 and take profit 1.0835.