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U.S. services industry activity surged to a record

U.S. services industry activity surged to a record | 06 April 2021

06 April 2021, USD/JPY

U.S. services industry activity surged to a record

USDJPY trading plan:

The ISM’s non-manufacturing activity index rebounded to a reading of 63.7 last month also due to warmer weather. That was the highest in the survey’s history and followed 55.3 in February. A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of U.S. economic activity. A measure of U.S. services industry activity surged to a record high in March amid robust growth in new orders, in the latest indication of a roaring economy that is being boosted by increased vaccinations and massive fiscal stimulus. This is a positive macroeconomic statistic for the USDJPY and the U.S. stock market.

Investment idea: buy 110.00 and take profit 110.60.

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David Johnson
Analyst of «FreshForex» company
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