Good news | 07 مايو 2019

USDJPY trading plan:

Good news for buyers. Activity in China's services sector further improved in April, with export sales rising at a record pace. Export orders increased the most since the survey began measuring this in September 2014. Job creation in the sector rose the most in 10 months, but a sub-gauge measuring the outlook for the year ahead remained subdued, capped by concerns over the strength of the global economy. A new round of trade negotiations between the US and China will start on May 8, despite D. Trump's threats to impose duties on Chinese goods. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 110.51 and take profit 111.04.