China’s central bank cut its reserve requirement ratio | 03 Enero 2020

03 Enero 2020, USD/JPY

China’s central bank cut its reserve requirement ratio

USDJPY trading plan:

U.S. President Donald Trump said on Tuesday the U.S.-China Phase 1 trade deal would be signed on Jan. 15 at the White House. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. Additional support for stock markets will be provided by macroeconomic statistics from China. China’s central bank cut its reserve requirement ratio for banks, freeing up $115 billion in liquidity. The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market. Labor market strength is underpinning consumer spending, keeping the economy on a moderate growth.

Trading recommendation: Buy 108.39 and take profit 108.90.

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.