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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 20 Juni 2022

20 Juni 2022, GBP/USD

Positive macroeconomic statistics from the United States

GBPUSD trading plan:

Production at U.S. factories unexpectedly fell in May, the latest sign of cooling economic activity as the Federal Reserve aggressively tightens monetary policy to tame inflation. Manufacturing output dipped 0.1% last month, the first decline since January, after increasing 0.8% in April, the Fed said. Strong demand for good has supported manufacturing, which accounts for 12% of the U.S. economy. A strong dollar as a result of rising interest rates could make U.S. exports more expensive. The U.S. central bank has hiked its policy interest rate by 150 basis points since March.

Investment idea: buy 1.2190 and take profit 1.2247.

David Johnson
Analyst of «FreshForex» company
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