Investors close long positions in the U.S. stock market | 02 May 2019

02 May 2019, USD/JPY

Investors close long positions in the U.S. stock market

USDJPY trading plan:

Investors close long positions in the U.S. stock market after The S&P500 index has set a fresh historical high! This is a bad signal for the stock market and USD JPY, which has a correlation with the shares. "On a 12-month basis, overall inflation and inflation for items other than food and energy have declined and are running below 2 percent," the Fed said in in its statement. The FED sees no weighty arguments in favor of changes in rates in one direction or another. Stock market traders were waiting for signals to lower interest rates and were disappointed with the actions of the Federal Reserve.

Trading recommendation: Sell 111.60 and take profit 111.25.

David Johnson
Analyst of «FreshForex» company
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