Analysis of trade with Erste News
During the week of September 2-6, trade on Erste News took place at the publication:
- September 5 – at the publication of the index of business activity in the non-manufacturing sector (PMI) of the United States.
It showed an unexpected increase in business activity, but also caused a general recovery of the American dollar after a long decline. The reason for the recovery of the American dollar was a reduction in the risks of recession and a slowdown in business activity, which intensified after weak data on business activity in the US manufacturing sector.
The potential profit on the news ranged from 200 to 300 points.
Fig. USD/JPY chart
Hanzenko Anton