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The bullish rally on the U.S. stock market

The bullish rally on the U.S. stock market | 29 October 2019

29 October 2019, USD/JPY

The bullish rally on the U.S. stock market

USDJPY trading plan:

The bullish rally on the U.S. stock market will have a positive impact on the value of the currency pair USDJPY. The S&P 500 rose as much as 0.5% to 3,038.10, breaching the record intraday high hit on July 26. President Donald Trump said on Monday he expected to sign a significant part of the trade deal with China ahead of schedule but did not elaborate on the timing. Microsoft Corp shares climbed 2.54%, making the stock among the biggest boosts to each of three major indexes after the technology giant won the Pentagon's $10 billion cloud computing contract.

Trading recommendation: Buy 108.90 and take profit 109.41.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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