The significant slowdown economic growth in the U.S. | 24 ديسمبر 2020
24 ديسمبر 2020, USD/JPY
USDJPY trading plan:
The consumer spending, which accounts for more than two-thirds of U.S. economic activity, declining 0.4% in November after increasing 0.3 in October. That was the first drop in consumer spending since the recovery started in May. The raft of weak data bolsters traders' expectations for a significant slowdown economic growth in the fourth quarter and a potential contraction in output in the first three months of 2021, despite the stimulus and two vaccines to fight COVID-19 being distributed.
Investment idea: range 103.36 -103.69.
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