Inverse correlation between USDJPY and gold | 29 tháng Giêng 2021

29 tháng Giêng 2021, USD/JPY

Inverse correlation between USDJPY and gold

USDJPY trading plan:

The demand for gold fell to its lowest since 2009, according to the World Gold Council. “The coronavirus pandemic, with its far-reaching effects, was the driving factor behind weakness in consumer demand throughout 2020, culminating in a 14% decline in annual demand to 3,759.6t, the first sub-4,000t year since 2009,” the London-based organization said. This is a positive signal for USD JPY, as the currency pair has an inverse correlation with gold. Surplus reserves of American commercial banks have increased by $8.38 billion over the past week, which allows bankers to increase the volume of speculation in the stock market. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: Buy 104.30 and take profit 104.62.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .
manager photo manager photo
Online-support
Chúng tôi sẽ vui lòng trả lời bất kỳ câu hỏi nào bạn có thể có

Viết

Get bonus