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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 26 July 2021

26 July 2021, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

U.S. private sector companies reported a further substantial expansion in business activity during July. That said, the rate of growth eased for the second month running to the softest since March, as firms continued to report widespread capacity constraints. The IHS Markit Flash U.S. Composite PMI Output Index posted 59.7 in July, down from 63.7 in June. Private sector firms continued to signal a substantial increase in new business in July. The service sector companies registered the softest expansion in new orders for five months. This is a negative statistic for the dollar.

Investment idea: buy 1.3715 and take profit 1.3775.

David Johnson
Analyst of «FreshForex» company
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