Negative macroeconomic statistics from the United States | 21 ديسمبر 2020

21 ديسمبر 2020, USD/JPY

USDJPY trading plan:

The U.S. Commerce Department said the current account deficit, which measures the flow of goods, services and investments into and out of the country, widened 10.6% to $178.5 billion last quarter. The U.S. current account deficit surged to its highest level in more than 12 years in the third quarter as a record rebound in consumer spending pulled in imports, outpacing a recovery in exports. Imports of goods increased $94.4 billion to $602.7 billion. The broad rise in response to pent-up demand following the easing of business restrictions to slow the spread of COVID-19, was led by imports of passenger cars. This is a negative macroeconomic statistics for the dollar.

Investment idea: Sell 103.70 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.
David Johnson
Analyst of «FreshForex» company
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