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Positive report of the U.S. Labor Department

Positive report of the U.S. Labor Department | 26 February 2021

26 February 2021, GBP/USD

GBPUSD trading plan:

Fewer Americans filed new claims for unemployment benefits last week amid falling COVID-19 infections. Initial claims for state unemployment benefits fell 111,000 to a seasonally adjusted 730,000 for the week ended Feb. 20, the lowest level since November. Though claims have dropped from a record 6.867 million last March when the pandemic hit the United States' shores, they remain above their 665,000 peak during the 2007-09 Great Recessions. In the coming week, claims could be boosted by the stormy weather in the South, which left large parts of Texas in the dark and without water for days. Unadjusted claims for Texas fell last week.

Investment idea: sell 1.3985 and take profit 1.3940.

David Johnson
Analyst of «FreshForex» company
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