MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

CIBC wants to "save" traders from mistakes in the game with USD/JPY pair

The dollar has all the chances to grow if the Fed meets the market expectations. Such an opinion was voiced today by experts from CIBC World Markets in Tokyo. They also advise traders to be more careful with the USD/JPY pair. According to banking analysts, it is worth refraining from opening positions in this pair in case of a breakthrough up at the beginning of the next year or down from the range of 112-114.

2qkuUVkzvv5lhNjJiUyR1CfjQZJ9s-hyg_Et2nhj

In the end, the American currency will become a preferable choice against the background of still existing concerns about Brexit and around the problems with the budget of Italy. Of course, there is a risk of reducing the pair but the dollar can quickly recover, as the dovish increase in the Fed rates is expected.

This step has already been taken into account by the markets: stocks and bond yields declined on the eve of the US Central Bank meeting. The CIBC believes that regulator officials will exclude the word "gradual" from the final comment. Today they will declare that further tightening of the policy will depend on incoming economic data. Market participants can give a reaction to any change of wording, even the most insignificant one.

The USD/JPY pair broke the lower Ichimoku cloud and the 100-day moving average and continued to fall and reached 112.36, considering the closing levels of 0.6% in New York on Tuesday.

XoNRK12qpwyY147H4yeEyJ2qX891Gkn2yYPzKqEE

The material has been provided by InstaForex Company - www.instaforex.com