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Positive macroeconomic statistics from United States

Positive macroeconomic statistics from United States | 30 September 2020

30 September 2020, USD/JPY

Positive macroeconomic statistics from United States

USDJPY trading plan:

U.S. consumer confidence rebounded by the most in 17 years in September amid an improvement in labor market views. The Conference Board's consumer confidence index increased 15.5 points to a reading of 101.8 this month. That was the largest gain since April 2003. Consumers also appeared to shrug off growing uncertainty ahead of the Nov. 3 presidential election and signs the economy's recovery from the recession was slowing. The US Treasury will place treasury bonds in the amount of $ 189 billion, which is the highest level in the last three weeks. Significant bond issues in the past have helped strengthen the dollar.

Trading recommendation: Buy 105.41 and take profit 105.81.

David Johnson
Analyst of «FreshForex» company
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