The bullish rally on the U.S. stock market | 25 Tháng hai 2021

25 Tháng hai 2021, USD/JPY

The bullish rally on the U.S. stock market

USDJPY trading plan:

The Dow hit a record high on Wednesday, as cyclicals continued to shine on the bets over a stronger economic recovery, while rising chip stocks boosted tech. Energy, up more 3%, led the move higher in cyclical stocks as oil prices shrugged off an unexpected build in the crude stockpiles on expectations of a boost to demand from a stronger recovery. Industrials were also firmer, with airlines leading to the upside on expectations for a surge in travel demand when the economy full reopens and further fiscal support to the aviation industry. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: Buy 105.73 and take profit 106.14.

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 .