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Bad news from the United States

Bad news from the United States | 07 March 2019

07 March 2019, GBP/USD

Bad news from the United States

GBPUSD trading plan:

The U.S. trade deficit surged to a 10-year high in 2018. The Commerce Department said on Wednesday that an 18.8 percent jump in the trade deficit in December had contributed to the $621.0 billion shortfall last year. The trade deficit has deteriorated despite the White House's protectionist trade policy. The jump in the so-called real goods trade deficit suggests that trade was probably a bigger drag on fourth-quarter gross domestic product. For the American economy it is a serious blow! The trade deficit will have a negative impact on the value of the dollar.

Trading recommendation: Buy 1.3160 and take profit 1.3210.

David Johnson
Analyst of «FreshForex» company
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