Negative macroeconomic statistics from the United States | 29 اكتوبر 2021

29 اكتوبر 2021, USD/JPY

Negative macroeconomic statistics from the United States

USDJPY trading plan:

The U.S. National Association of Realtors said its Pending Home Sales Index, based on signed contracts, decreased 2.3% last month to 116.7. Pending home sales fell in all four regions. Pending home sales dropped 8.0% in September on a year-on-year basis. Demand for housing surged early in the coronavirus pandemic amid an exodus from cities to suburbs and other lower-density locations as Americans sought more spacious accommodations for home offices and online schooling. The buying frenzy has abated as workers return to offices and schools reopened for in-person learning, thanks to COVID-19 vaccinations.

Investment idea: sell 113.77 and take profit 113.25.


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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