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*

Bank of America: Selling the yen is in focus

aHaUXr0qPTl8pxwsZmQxoLMvEyFxXqDRDUJl-Oj8

According to Bank of America analysts, in the current situation, market participants can count on solid profits when opening short positions in the EUR/JPY pair. They recommend selling the Japanese currency due to the growing demand for it.

Bank analysts emphasize that in the current unstable conditions it is very difficult to predict further developments in world markets. This makes it difficult to trade and baffles even experienced traders. Not adding optimism and an impressive list of risks, including weak global data, the trade conflict between the US and China, the situation around Brexit and military action between the US and Iran.

Negative moments, in particular, related to the latest events in the trade confrontation between Washington and Beijing, provoked a market reaction in the form of a fall in key indices, as well as an increase in demand for yen. The Japanese currency has become a kind of "safe haven" for market players. Many prefer to invest in this defensive asset.

Bank of America analysts believe that in the short term, the situation in the foreign exchange market may worsen. Implied currency volatility increased by several times and exceeded the realized volatility, which is able to rise to higher levels. This may adversely affect the yen, which is stable for now.

Analysts of the bank also shared a forecast for the Chinese currency: at the end of this year, USD/CNY will reach 6.63, but USD/CNY has an upper limit of about 8.12 in the case of tariff increases up to 25% for additional imports from China.

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