The bullish rally in the stock markets | 25 اكتوبر 2019
25 اكتوبر 2019, USD/JPY
USDJPY trading plan:
We are expecting the continuation of the bullish rally in the stock markets, which will have a positive impact on the value of the currency pair USDJPY. The Nasdaq Composite index added 0.81% and the Nasdaq 100 index rose nearly 1%. No fewer than 162 stocks hit 52-week highs. Investors are increasing long positions in equity markets, as G-20 Central Banks cut interest rates. The Central banks of Turkey and Indonesia cut interest rates on Thursday. The Federal Reserve may cut interest rates next week. Brazil's Central Bank may cut interest rates next week.
Trading recommendation: Buy 108.44 and take profit 109.00.
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.
