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The bull rally in the stock markets

The bull rally in the stock markets | 03 September 2019

03 September 2019, USD/JPY

The bull rally in the stock markets

USDJPY trading plan:

The IHS Markit China Manufacturing Purchasing Managers' Index increase to 50.4 from 49.9 in July - this is the maximum for the last five months! This is a positive signal for the stock markets and USDJPY! Chinese and U.S. officials are struggling to agree on the schedule for a planned meeting this month to continue trade talks after Washington rejected Beijing’s request to delay tariffs that took effect over the weekend. We are expecting the bull rally in the stock markets to continue! The downtrend in US government bond yields will have a positive impact on the value of corporate shares.

Trading recommendation: Buy 106.15 and take profit 106.60.

David Johnson
Analyst of «FreshForex» company
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