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Positive statistics from the USA

Positive statistics from the USA | 08 April 2019

08 April 2019, USD/JPY

Positive statistics from the USA

USDJPY trading plan:

The positive employment report in the United States for March indicates a continuation of the upward trend. The U.S. economy created more jobs than expected -NFP rose by 196000 in March, above consensus expectations for 175000. At the end of the first quarter Non-Farm amounted to 540,000 - an indicator of more than 500,000 is a good indicator of GDP growth. Average hourly earnings increased by 0.1 percent in March after jumping 0.4 percent in February. That lowered the annual increase in wages to 3.2 percent from 3.4 percent in February, which was the biggest gain since April 2009. This is a positive signal for the U.S. currency! The economy is showing good growth.

Trading recommendation: Buy 111.40 and take profit 112.00.

David Johnson
Analyst of «FreshForex» company
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