Correlation of USDJPY and #SP500 | 20 September 2019

20 September 2019, USD/JPY

Correlation of USDJPY and #SP500

USDJPY trading plan:

The course of trading is determined by the mood of investors in the stock markets. Investors are taking a wait-and-see position before the announcement of the results of the US-China trade talks. We are expecting positive trade negotiations. Donald trump is ready to sign a trade agreement with Beijing as he forms the election program on November 3, 2020. A trade agreement with China would boost economic growth, allowing Donald Trump to run a good campaign. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.5% to 14.10. This is a positive signal for the stock markets!

Trading recommendation: Buy 107.80 and take profit 108.25.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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