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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 09 July 2021

09 July 2021, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

The number of Americans filing new claims for unemployment benefits rose slightly last week. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 373,000 for the week ended July 3, the Labor Department said. Lack of affordable child care and fears of contracting the coronavirus have been cited for keeping workers, mostly women, at home. There were a record 9.2 million job openings at the end of May and 9.5 million people were officially unemployed in June. This is clearly not enough for the Fed to stop printing money. Employment is 6.7 million less than the pre-crisis level.

Investment idea: buy 1.1822 and take profit 1.1900.

David Johnson
Analyst of «FreshForex» company
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