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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 29 Octubre 2021

29 Octubre 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.

David Johnson
Analyst of «FreshForex» company
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