Good news and bad news | 27 أبريل 2020
27 أبريل 2020, USD/JPY
USDJPY trading plan:
Good news and bad news. Negative news is a bullish rally in the gold market, as USDJPY and the precious metal have an inverse correlation. Low interest rates in the United States and Europe are forcing investors to increase their long positions in the precious metals market. The good news is positive macroeconomic statistics in the United States. New orders for key U.S.-made capital goods unexpectedly rose in March. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, edged up 0.1% last month.
Trading recommendation: 107.00 -107.69.
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.
