Correlation with the shares | 21 6月 2019

21 6月 2019, USD/JPY

Correlation with the shares

USDJPY trading plan:

The U.S. stock market set a fresh historical high on Thursday, June 20. Top Chinese and U.S. officials will resume trade talks in accordance with the wishes of their leaders, but China hopes the United States will create the necessary conditions for dialogue, said the Chinese commerce ministry. Investors are expected lower interest rates from the Federal Reserve, which will have a positive impact on the value of shares of American companies. The Federal Reserve is afraid of recession and is ready to reduce interest rates. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 106.75 and take profit 107.40.

David Johnson
Analyst of «FreshForex» company
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