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The fate of additional stimulus for the U.S. economy

The fate of additional stimulus for the U.S. economy | 20 October 2020

20 October 2020, USD/JPY

The fate of additional stimulus for the U.S. economy

USDJPY trading plan:

The fate of additional stimulus for the U.S. economy before next month’s election will be decided this week, with House Speaker Nancy Pelosi setting a Tuesday deadline to reach an agreement with the White House -- though it remains doubtful that the Republican-controlled Senate will accept any deal they strike. President Donald Trump said he’s ready to match the $2.2 trillion spending levels demanded by Democrats -- or go higher -- despite repeated warnings by Senate Majority Leader Mitch McConnell that most GOP senators will oppose any COVID-19 relief package that big.

Trading recommendation: Buy 105.36 and take profit 105.97.

David Johnson
Analyst of «FreshForex» company
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