Reducing consumer spending in the United States | 01 Tháng hai 2021

01 Tháng hai 2021, EUR/USD

Reducing consumer spending in the United States

EURUSD trading plan:

U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of government-funded benefits for millions of unemployed Americans. When adjusted for inflation, consumer spending decreased 0.6% last month after dropping 0.7% in November. That likely sets a lower base for consumer spending in the first quarter. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, slipped 0.2% last month as outlays at restaurants declined.

Investment idea: Buy 1.2119 and take profit 1.2164.

One of the highest demand products in FreshForex is invest-portfolios.

Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts. This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from February 1 to 26, 2021.

2. Send a request to school@freshforex.com with your account number funded.

David Johnson
Analyst of «FreshForex» company
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