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The bullish rally in the stock markets

The bullish rally in the stock markets | 09 December 2019

09 December 2019, USD/JPY

The bullish rally in the stock markets

USDJPY trading plan:

The bullish rally in the stock markets will have a positive impact on the value of USDJPY, as the currency pair correlates with the American index #SP500. Friday's rally recovered the sizable losses suffered on Nov. 29, Monday and Tuesday. Ten of the 11 S&P 500 sectors were higher. The catalyst was a better-than-expected jobs report from the Labor Department that showed a 266,000 increase in payroll employment, while the U.S. unemployment rate fell to 3.5%. Average hourly earnings rose 0.2%, while year over year they are up 3.1%.

Trading recommendation: Buy 108.47 and take profit 108.97.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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