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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 18 March 2022

18 March 2022, GBP/USD

Positive macroeconomic statistics from the United States

GBPUSD trading plan:

The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong. Unemployment benefit rolls were the smallest in 52 years in early March, the Labor Department's weekly jobless claims report. Claims have declined from a record high of 6.149 million in early April 2020. There were 11.3 million job openings at the end of January, with a record 1.8 open positions per unemployed person. This misalignment between demand for labor and supply is boosting wage growth, which should provide some cushion to households against soaring gasoline prices.

Investment idea: sell 1.3180 and take profit 1.3105.

David Johnson
Analyst of «FreshForex» company
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