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U.S. holiday sales could rise over 10% this year

U.S. holiday sales could rise over 10% this year | 28 October 2021

28 October 2021, USD/JPY

U.S. holiday sales could rise over 10% this year

USDJPY trading plan:

U.S. holiday sales could rise over 10% this year, a trade body said, as major consumer goods makers and retailers work to prevent supply chain disruptions from leaving shelves empty of in-demand toys and games. The National Retail Federation forecast sales to increase between 8.5% and 10.5%, to between $843.4 billion and $859 billion, during November and December, compared with a previous high of $777.3 billion last year. Several retailers had also begun their holiday selling as early as September, warning of longer delivery times and low product availability. This is a positive signal for the U.S. economy.

Investment idea: buy 113.49 and take profit 114.10.

David Johnson
Analyst of «FreshForex» company
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