Negative macroeconomic statistics from the United States | 30 December 2021

30 December 2021, GBP/USD

GBPUSD trading plan:

The U.S. trade deficit in goods mushroomed to the widest ever in November. The goods trade deficit widened last month by 17.5% to $97.8 billion from $83.2 billion in October, Census Bureau data showed. That exceeds the previous record deficit set in September of $97 billion and may damp optimism that trade might finally add to U.S. economic growth this quarter for the first time in more than a year. Imports rose by 4.7% with industrial supplies leading the way with an increase of $5.7 billion to $63.2 billion, followed by consumer goods rising by $2.9 billion to just shy of $67 billion as retailers rushed to fill store shelves ahead of Christmas. Both were record highs.

Investment idea: buy 1.3440 and take profit 1.3500.

David Johnson
Analyst of «FreshForex» company
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