Good news and bad news | 10 يوليو 2019
10 يوليو 2019, USD/JPY
USDJPY trading plan:
Good news and bad news. The good news is the continuation of the bull rally in the U.S. stock market. White House economic adviser L. Kudlow said China was expected to move forward with agricultural purchases from the United States as trade talks resumed between the two countries after a two-month hiatus. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. The bad news is the negative signals from the head of the Federal Reserve. Jerome Powell will be speaking in Congress and may point to increased risks to the economy.
Trading recommendation: range 108.40 -109.15
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
