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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 09 January 2020

09 January 2020, GBP/USD

Positive macroeconomic statistics from the United States

GBPUSD trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of the U.S. dollar. The ADP National Employment Report showed private payrolls jumped by 202,000 jobs last month, the largest gain since April, after an upwardly revised 124,000 rise in November. The ADP report showed employment in the goods-producing sector increased by 29,000 jobs in December. Manufacturing payrolls fell by 7,000 jobs last month and construction added 37,000 positions, likely boosted by unseasonably mild weather. Natural resources and mining shed 1,000 jobs. The services sector added 173,000 jobs last month.

Trading recommendation: Sell 1.3122 and take profit 1.3101.

David Johnson
Analyst of «FreshForex» company
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