Negative macroeconomic statistics from the United States | 02 February 2021

02 February 2021, USD/JPY

Negative macroeconomic statistics from the United States

USDJPY trading plan:

U.S. manufacturing activity slowed slightly in January. The ISM's index of national factory activity fell to a reading of 58.7 last month from 60.5 in December. The ISM's forward-looking new orders sub-index fell to a reading of 61.1 last month from 67.5 in December. Export orders at factories also moderated. Despite the cool-off in orders, factories increased hiring last month. The survey's manufacturing employment gauge rose to 52.6 from 51.7 in December. That raises hope for a rebound in hiring this month after the economy shed jobs in December for the first time in eight months.

Investment idea: Sell 105.10 and take profit 104.70.

One of the highest demand products in FreshForex is invest-portfolios.

Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts. This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from February 1 to 26, 2021.

2. Send a request to school@freshforex.com with your account number funded.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .