Good news and bad news | 31 Juli 2019
31 Juli 2019, USD/JPY
USDJPY trading plan:
Good news and bad news. The good news is the positive trade talks between the US and China. This factor will have a positive impact on the value of shares and USDJPY. The bad news is lower interest rates of the Federal Reserve. The economy is also facing headwinds from a bitter trade war between the United States and China, a likely disorderly exit from the European Union by Britain and weak global growth. With those risks in mind, Fed Chairman Jerome Powell early this month signaled the U.S. central would ease monetary policy soon.
Trading recommendation: range 108.10 -109.00.
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.
