Investors buy U.S. stocks | 24 April 2019

24 April 2019, USD/JPY

Investors buy U.S. stocks

USDJPY trading plan:

The U.S. stock index #SP500 is one step away from the historic high - a positive signal for USDJPY, which has a correlation with the shares. The Japanese yen is a funding currency carry trade that shows a fall in value during a bullish rally in equity markets. Investors buy U.S. stocks after the publication of positive financial statements. Profits of S&P 500 companies are expected to decline 1.3% in the first quarter, in what analysts say could be the first earnings contraction since 2016. However, forecasts have largely improved since the start of April.

Trading recommendation: Buy 111.73 and take profit 112.30.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus