Positive statistics from the United States | 05 Februari 2021

05 Februari 2021, USD/JPY

Positive statistics from the United States

USDJPY trading plan:

Today at 13:30 GMT January Nonfarm Payrolls is to be released. This report shows changes in number of people employed in USA non-farm sector. Total number of employed in this sector is about 80% of workers producing USA GDP. Outrunning employment indicators from ADP and ISM indicate growth in the Non-Farm Employment index. Additional support for the USDJPY currency pair will be provided by a bullish rally on the US stock market. The US Federal Reserve has published fresh statistics on the change in excess reserves of American banks, which increased by $30.1 billion over the past week. This allows bankers to increase the volume of speculation in the stock market.

Investment idea: Buy 105.39 and take profit 105.79.

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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 [email protected] with your account number funded.

David Johnson
Analyst of «FreshForex» company
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