Negative signal for the dollar! | 21 Marzo 2019

21 Marzo 2019, USD/JPY

Negative signal for the dollar!

USDJPY trading plan:

The main surprise is that the Fed projects zero hikes in 2019. It is warranted by the economic data. There are clear signs that past rate increases are slowing spending growth through traditional transmission channels - slower residential investment growth and lower net exports. FOMC also said it would slow the monthly reduction of its holdings of Treasury bonds from up to $30 billion to up to $15 billion beginning in May. Inflation for the year is now seen at 1.8 percent, compared to the Fed's forecast in December of 1.9 percent. This is a negative signal for the dollar!

Trading recommendation: Sell 110.75 and take profit 110.25.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.