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The bullish rally on the U.S. stock market

The bullish rally on the U.S. stock market | 07 October 2019

07 October 2019, USD/JPY

The bullish rally on the U.S. stock market

USDJPY trading plan:

The bullish rally on the U.S. stock market will have a positive impact on the value of the currency pair USDJPY. Investors are expecting the Federal Reserve to lower interest rate. Traders increase long positions on corporate shares. Nonfarm payrolls increased by 136,000 jobs last month. The three-month average gain in private employment fell to 119,000, the smallest since July 2012, from 135,000 in August. Manufacturing shed 2,000 jobs last month, the first decline in factory payrolls since March, after a gain of 2,000 jobs in August. Retail payrolls fell by 11,400 jobs, marking an eighth straight monthly drop.

Trading recommendation: Buy 106.70 and take profit 107.12.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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