Positive macroeconomic statistics from the United States | 18 ديسمبر 2020
18 ديسمبر 2020, USD/JPY
USDJPY trading plan:
U.S. homebuilding and permits increased solidly in November, pointing to sustained housing market strength even as the broader economic recovery is slowing amid resurgence in new COVID-19 cases and lack of additional government money. Permits for future homebuilding raced 6.2% to a rate of 1.639 million units in November. Permits typically lead starts by one to two months. The housing market is defying slowing economic growth, thanks to pent-up demand and historically low mortgage rates. A positive signal for the dollar!
Investment idea: Buy 102.75 and take profit 103.30.
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.
