Good and bad news | 04 December 2019

04 December 2019, USD/JPY

Good and bad news

USDJPY trading plan:

Good news and bad news. The good news is positive macroeconomic statistics from China. Activity in China's services sector accelerated to a seven-month high in November, as new business, especially new export business, picked up. The Markit services purchasing managers' index rose to 53.5 last month, the quickest pace since April, from 51.1 in October. It has stayed above the 50-point margin that separates growth from contraction on a monthly basis since late 2005. U.S. President Donald Trump said that a trade agreement between the United States and China could be signed after November 2020. This is negative news for USDJPY and stock markets.

Trading recommendation: range 108.33 -108.91.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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