Gold and Japanese yen have a direct correlation | 26 Marzo 2019
26 Marzo 2019, USD/JPY
USDJPY trading plan:
There is good and bad news for traders today. The good news is that equity markets can show an uptrend. Interest rates on U.S. bonds are falling - this is a positive factor for the shares. The bad news is the increase in the value of gold. Gold and Japanese yen have a direct correlation. This correlation has been observed for three decades! Investment funds are actively buying the “yellow metal”. Traders buy the precious metal because they do not expect the Federal Reserve to raise interest rates. The bidding will take place at a psychological level of 110.00 today.
Trading recommendation: range 109.81 -110.45.
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.
