Good and bad news | 13 Januari 2020
13 Januari 2020, GBP/USD
GBPUSD trading plan:
Good and bad news for the British currency. The United Kingdom will publish a report on industrial production. The business activity index fell in November - this is a negative factor for the industry. This news may force investors to increase short positions on the pound. The good news is the negative dynamics of the Dollar index. Traders are increasing short positions on the U.S. dollar after the publication of negative macroeconomic statistics on the labor market. Nonfarm payrolls rose 145,000 in December, compared with expectations for a rise of 164,000 according to economists.
Trading recommendation: range 1.2990 -1.3049.
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.
