Positive macroeconomic statistics from the United States | 28 اكتوبر 2020
28 اكتوبر 2020, USD/JPY
USDJPY trading plan:
New orders for key U.S.-made capital goods rose more than expected in September. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 1.0% last month. Core capital goods orders, which have pulled above the pre-pandemic level, were in September boosted by increased demand for primary metals, fabricated metal products and computers and electronic products. The three straight months of growth in shipments likely helped to lift overall business investment from a deep hole in the third quarter.
Trading recommendation: Buy 104.09 and take profit 104.41.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
