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The bullish rally in the stock markets

The bullish rally in the stock markets | 16 September 2019

16 September 2019, USD/JPY

The bullish rally in the stock markets

USDJPY trading plan:

We are expecting the continuation of the bullish rally in the stock markets which will have a positive impact on the value of USDJPY. The Federal Reserve may lower interest rates at the meeting on September 18. The Federal Reserve is easiest monetary policy in order to offset risks to the U.S. economy from trade tensions between Beijing and Washington, BREXIT and a broad global slowdown. Lower interest rates have traditionally had a positive impact on stock markets. Positive US-China trade talks will have a positive impact on stock markets.

Trading recommendation: Buy 107.70 and take profit 108.30.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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