my live trade and how i justifyed it
Why I Took a Buy Trade on GBP/USD Today — Friday, 15th
1. Stronger-than-Expected U.S. Producer Prices (PPI)
U.S. PPI data showed a sharper rise than the market anticipated. This unexpected strength provides extra support to the U.S. dollar, influencing market sentiment.
2. Decline in Unemployment Figures
A drop in the number of unemployed individuals reinforces the dollar’s position and signals a stronger U.S. economy.
What Could Change This Trend?
Later this week, key U.S. economic data will be released — retail sales and the University of Michigan consumer sentiment index. These reports could shift market direction, making it an important moment to reassess trade positions. for move information for forex beginners go to my website trybuying.com
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