The bullish rally on the U.S. stock market | 04 tháng Tám 2021

04 tháng Tám 2021, USD/JPY

The bullish rally on the U.S. stock market

USDJPY trading plan:

Stronger-than-expected profit reports from U.S. companies in recent weeks have ratcheted up already high Wall Street forecasts on how second-quarter earnings growth will look versus last year. The earnings at S&P 500 firms are now estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July. New orders for U.S.-made goods increased more than expected in June, while business spending on equipment was solid, pointing to sustained strength in manufacturing even as spending is shifting away from goods to services. Ten of the 11 S&P indexes were trading higher. The S&P index recorded 52 new 52-week highs and three new lows. The bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY, since the assets are correlated with each other.

Investment idea: buy 108.80 and take profit 109.30.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .