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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 06 August 2021

06 August 2021, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

The weekly unemployment claims report from the U.S. Labor Department, the timeliest data on the economy’s health, also showed the number of people on state jobless rolls dropped in late July to its lowest level since March 2020, when mandatory closures of nonessential businesses were enforced to slow the first wave of COVID-19 cases. Initial claims for state unemployment benefits fell 14,000 to a seasonally adjusted 385,000 for the week ended July 31. There is no sign yet that a resurgence in COVID-19 infections, driven by the Delta variant of the coronavirus, is disrupting economic activity. Nearly half of the population has been fully vaccinated.

Investment idea: buy 109.55 and take profit 110.15.

David Johnson
Analyst of «FreshForex» company
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