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A positive trade negotiations U.S. and China

A positive trade negotiations U.S. and China | 19 December 2019

19 December 2019, USD/JPY

USDJPY trading plan:

China unveiled a new list of tariff exemptions for U.S. imports, mostly chemical products, days after the world's two largest economies announced the Phase 1 deal. China and the United States are in close communication over the signing of their Phase 1 trade deal, China's commerce ministry said. U.S. officials say China agreed to increase purchases of U.S. products and services by at least $200 billion over the next two years. China said was announced that it will import more U.S. wheat, rice, corn, energy, pharmaceuticals and financial services. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 109.50 and take profit 109.91.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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