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United States and China made conciliatory gestures

United States and China made conciliatory gestures | 13 September 2019

13 September 2019, USD/JPY

USDJPY trading plan:

A bullish rally in the stock markets will have a positive impact on the value of the USDJPY currency pair, as the instruments are correlated with each other. United States and China made conciliatory gestures ahead of next month's planned talks in Washington, aimed at easing a trade war. Donald Trump agreed to delay increased tariffs on billions worth of Chinese goods for two weeks after China exempted tariffs on a basket of U.S. imports and promised to buy more U.S. agricultural products. Investors are expected the Federal Reserve to cut interest rates on September 18. This factor forces traders to increase long positions in corporate shares.

Trading recommendation: Buy 108.06 and take profit 108.55.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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