Investors buy U.S. stocks | 24 Abril 2019

24 Abril 2019, USD/JPY

Investors buy U.S. stocks

USDJPY trading plan:

The U.S. stock index #SP500 is one step away from the historic high - a positive signal for USDJPY, which has a correlation with the shares. The Japanese yen is a funding currency carry trade that shows a fall in value during a bullish rally in equity markets. Investors buy U.S. stocks after the publication of positive financial statements. Profits of S&P 500 companies are expected to decline 1.3% in the first quarter, in what analysts say could be the first earnings contraction since 2016. However, forecasts have largely improved since the start of April.

Trading recommendation: Buy 111.73 and take profit 112.30.

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.