The trade talks between Washington and Beijing | 11 November 2019

11 November 2019, USD/JPY

The trade talks between Washington and Beijing

USDJPY trading plan:

Donald Trump's comments on trade talks between Washington and Beijing could force investors to lock in profits on long positions on stocks market. This is a negative signal for the stock market and USD JPY, which has a correlation with the shares. Donald Trump said on Friday that he would not fully roll back tariffs, but that a deal could be signed with Chinese President Xi Jinping in Iowa by the end of the month, adding that China wants to make a deal. “They’d like to have a rollback, I haven’t agreed to anything,” Trump told reporters. “China would like to get somewhat of a rollback - not a complete rollback, because they know I won’t do it.”

Trading recommendation: range 108.75 -109.34.

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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