Positive macroeconomic statistics from the United States | 20 November 2019
20 November 2019, GBP/USD
GBPUSD trading plan:
Positive macroeconomic statistics from the United States will have a positive impact on the value of the dollar. The report from the Commerce Department also showed an increase in home completions and the stock of homes under construction, which could help to ease a supply squeeze that has plagued the housing market. Housing starts increased 3.8% to a seasonally adjusted annual rate of 1.314 million units last month. Building permits surged 5.0% to a rate of 1.461 million units in October, the highest level since May 2007.
Trading recommendation: Sell 1.2929 and take profit 1.2890.
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.
