Negative statistics from the USA | 17 April 2019

17 April 2019, GBP/USD

Negative statistics from the USA

GBPUSD trading plan:

The United States has disappointed traders with macroeconomic statistics. U.S. manufacturing output was unchanged in March after two straight monthly declines, resulting in the first quarterly drop in production since President Donald Trump was elected. Manufacturing output last month was restrained by weak motor vehicle and wood products production after falling 0.3 percent in February. Motor vehicles and parts production dropped 2.5 percent in March after increasing 2.3 percent in February. Manufacturing is also being hobbled by last year's surge in the dollar and softening global economic growth, which are hurting exports. This is a negative signal for the dollar!

Trading recommendation: Buy 1.3040 and take profit 1.3110.

David Johnson
Analyst of «FreshForex» company
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