U.S. consumer spending rebounded strongly | 01 مارس 2021
01 مارس 2021, USD/JPY
USDJPY trading plan:
U.S. consumer spending rebounded strongly in January as the government doled out additional pandemic relief money to low-income households and new COVID-19 infections dropped, setting up the economy for faster growth in the first quarter. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 2.4% last month after decreasing 0.4 in December, the Commerce Department said. Personal income shot up 10% last month. This is a positive signal for the U.S. currency!
Investment idea: buy 106.37 and take profit 106.81.
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.
