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The bullish rally on the American stock market

The bullish rally on the American stock market | 24 October 2019

24 October 2019, USD/JPY

The bullish rally on the American stock market

USDJPY trading plan:

The bullish rally on the American stock market will have a positive impact on the currency pair USDJPY. The currency pair has a strong correlation with the S&P500 index. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1792 to 1060 and 99 ended unchanged. Materials, healthcare and energy were the stronger sectors in the market. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.11% to 14.00. This is a positive signal for the stock market! Investors are optimistic about the market.

Trading recommendation: Buy 108.44 and take profit 109.00.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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