Good news and bad news | 27 April 2020

27 April 2020, USD/JPY

Good news and bad news

USDJPY trading plan:

Good news and bad news. Negative news is a bullish rally in the gold market, as USDJPY and the precious metal have an inverse correlation. Low interest rates in the United States and Europe are forcing investors to increase their long positions in the precious metals market. The good news is positive macroeconomic statistics in the United States. New orders for key U.S.-made capital goods unexpectedly rose in March. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, edged up 0.1% last month.

Trading recommendation: 107.00 -107.69.

David Johnson
Analyst of «FreshForex» company
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