USDJPY 1:3 Risk Reward SHORT
USD
- Quant Scores shifted against USD by 10 points which suggests more weakness to come next month
- Building permits and housing starts much less than forecast which can affect many other factors of growth such as jobs, lending and business confidence
- Consumer Confidence heavily lower than forecast suggesting the US consumers are less confident in the outlook, this can mean consumers keep their pockets tight and don't spend as much in the economy
- Manufacturing index also missing forecast showing that majority of US scheduled data pessimistic on the economy
- Quant Scores shifted against USD by 10 points which suggests more weakness to come next month
- Building permits and housing starts much less than forecast which can affect many other factors of growth such as jobs, lending and business confidence
- Consumer Confidence heavily lower than forecast suggesting the US consumers are less confident in the outlook, this can mean consumers keep their pockets tight and don't spend as much in the economy
- Manufacturing index also missing forecast showing that majority of US scheduled data pessimistic on the economy
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