Positive macroeconomic statistics from the United States | 18 November 2019

18 November 2019, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

A bullish rally in the stock markets will have a positive impact on the value of the USDJPY. Retail sales in the United States gained 0.3% last month. Sales in the “control group” subset, which some analysts view as a more reliable gauge of underlying consumer demand, increased 0.3% as projected. The consumers remain willing to spend, though at a slower pace than earlier this year, as the robust jobs market and solid wage gains offer reasons for Americans to remain upbeat. Consumers have driven the economy forward in recent quarters, and Friday’s data suggest the trend may continue in the final three months of the year.

Trading recommendation: Buy 108.63 and take profit 109.18.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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