FOMC will recognize deterioration in economic conditions | 29 4月 2020

29 4月 2020, USD/JPY

USDJPY trading plan:

The consumer confidence plunged in April, with the 'current conditions' component suffering its largest drop ever, according to the Conference Board. The U.S. Federal Reserve convenes its monetary policy meeting to contend with crushing joblessness and an ailing economy. The Federal Reserve will recognize deterioration in economic conditions and likely signal that rates will remain low for an extended period. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. The S&P 500 posted 12 new 52-week highs and 1 new lows.

Trading recommendation: Buy 106.30 and take profit 106.70.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus