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Good and bad news

Good and bad news | 20 November 2019

20 November 2019, USD/JPY

Good and bad news

USDJPY trading plan:

Good and bad news. The good news is positive macroeconomic statistics from the United States. Building permits surged 5.0% to a rate of 1.461 million units in October, the highest level since May 2007. Permits were driven by the single-family housing segment, which increased 3.2% to the highest level since August 2007. The bad news is the impasse in trade talks between the United States and China. China's commerce ministry said that removing tariffs imposed during the trade war is an important condition to any deal. Some White House advisers would like to see China agree to large, specific agricultural purchases, while the U.S. maintains existing tariffs for future leverage. But Beijing is balking at committing.

Trading recommendation: range 108.15 -108.90.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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