Positive macroeconomic statistics from the United States | 05 Agosto 2021

05 Agosto 2021, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

A measure of U.S. services industry activity jumped to a record high in July. The Institute for Supply Management said its non-manufacturing activity index raced to 64.1 last month, the highest reading since the series started in 2008, from 60.1 in June. A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of U.S. economic activity. Demand is rotating back to services as nearly half of the population has been fully vaccinated against COVID-19, allowing people to travel, frequent restaurants, visit casinos and attend sporting events among services-related activities that were curbed early in the pandemic in favor of goods.

Investment idea: buy 109.50 and take profit 110.00.


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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