GBPUSD – Flat
GBPUSD trading plan:
Orders placed with US factories for business equipment fell in March by more than expected, suggesting higher borrowing costs and a cloudy economic outlook are restraining capital investment. The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, decreased 0.4% last month after a downwardly revised 0.7% drop in February, Commerce Department figures. Core capital goods shipments, a figure that is used to help calculate equipment investment in the government’s gross domestic product report, fell 0.4% for a second month.
Investment idea: buy 1.2440 and take profit 1.2520.
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