Correlation between USDJPY and SP500 | 07 3月 2022

07 3月 2022, USD/JPY

USDJPY trading plan:

Geopolitical worries are clouding the outlook for U.S. stocks. This is a bad signal for the stock market and USDJPY, which has a correlation with the shares. Traders have virtually priced out the chances of a hefty 50 basis point rate hike in March, giving a lift to the technology and growth stocks that had been pummeled in recent weeks by anticipation of harsh Fed tightening. Meanwhile, geopolitical concerns have propelled oil prices, prompting fears of slower growth and higher inflation over the long term. U.S. crude prices topped $115 a barrel this week and hit their highest levels since 2008. This is a negative signal for the stock market.

Investment idea: sell 115.00 and take profit 114.59.

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