Good news and bad news | 21 Octubre 2020

21 Octubre 2020, USD/JPY

USDJPY trading plan:

Good news and bad news. The three-month dollar Libor rate, which is the benchmark in the European interbank lending market, has renewed its historic low, which signals a surplus of dollar liquidity in the financial system. This is a negative for the dollar. A bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY, as assets are correlated with each other. U.S. homebuilding rebounded in September as the housing market continued to be the star of the economic recovery, driven by record-low interest rates and a migration to the suburbs and low-density areas in search of more room for home offices and schooling.

Trading recommendation: range 104.90 -105.55.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus