Positive news from China | 16 Agustus 2019
16 Agustus 2019, USD/JPY
USDJPY trading plan:
The bullish trend in the stock markets will have a positive impact on USDJPY, as the currency pair correlates with the stock markets. China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks. Investors are expected lower interest rates from the Federal Reserve on September 18 and October 30 - this factor will be reflected in the equity markets! U.S. President Donald Trump said on Thursday he believed China wanted to make a deal and that the dispute would be fairly short.
Trading recommendation: Buy 105.95 and take profit 106.44.
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.
