Correlation of USDJPY and #SP500 | 20 سبتمبر 2019
20 سبتمبر 2019, USD/JPY
USDJPY trading plan:
The course of trading is determined by the mood of investors in the stock markets. Investors are taking a wait-and-see position before the announcement of the results of the US-China trade talks. We are expecting positive trade negotiations. Donald trump is ready to sign a trade agreement with Beijing as he forms the election program on November 3, 2020. A trade agreement with China would boost economic growth, allowing Donald Trump to run a good campaign. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.5% to 14.10. This is a positive signal for the stock markets!
Trading recommendation: Buy 107.80 and take profit 108.25.
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.
