The bullish rally in stock markets | 24 Septiembre 2019

24 Septiembre 2019, USD/JPY

The bullish rally in stock markets

USDJPY trading plan:

Investors are expected the Federal Reserve to cut interest rates on October 30. The CME futures market shows a 61% chance of interest rate cuts. The soft monetary policy of the Central Bank will have a positive impact on the stock markets. Low interest rates are forcing investors to increase long positions in the stock markets. The uncertainty over U.S.-China trade negotiations is weighing on Federal Reserve. The S&P 500 posted 19 new 52-week highs and one new low on Monday.

Trading recommendation: Buy 107.50 and take profit 108.03.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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