The bullish rally in the stock markets | 06 November 2019

06 November 2019, USD/JPY

The bullish rally in the stock markets

USDJPY trading plan:

A bullish rally in the stock markets will have a positive impact on the value of the USDJPY currency pair. A trade war between the world's top two economies cut U.S. imports of Chinese goods by more than a quarter, or $35 billion. The sector hit hardest by the U.S. tariffs are U.S. imports of Chinese office machinery and communication equipment, which fell by $15 billion. U.S. and Chinese officials appeared serious enough to clinch a partial trade deal by considering rolling back more tariffs than initially said. The end of the trade war will have a positive impact on stock markets.

Trading recommendation: Buy 108.90 and take profit 109.39.

TRADE OILS WITHOUT SWAPS!


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.
David Johnson
Analyst of «FreshForex» company
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