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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 04 May 2022

04 May 2022, EUR/USD

EURUSD trading plan:

The U.S. Commerce Department said on Tuesday that factory orders rose 2.2% in March after edging up 0.1% in February. The increase in factory orders in March was across the board. Orders for motor vehicles and parts rebounded 3.0%, suggesting an improvement in the global supply of semiconductors. The Federal Reserve last month reported that motor vehicle assemblies surged to a 14-month high in March. There were increases in orders for machinery, primary metals and electrical equipment, appliances and components. Orders for computers and electronic products also rose as did those of fabricated metal products.

Investment idea: sell 1.0540 and take profit 1.0475.

David Johnson
Analyst of «FreshForex» company
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