Japan's inflation is at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Bet on CAD/JPY
2019-11-11 • Updated
Trade idea
BUY 82.20; TP 83.30; SL 81.80
There are various ways to trade the CAD this week. There is the Bank of Canada’s meeting on Wednesday and a rate hike is expected. One of the ways is to bet on the advance of CAD/JPY.
The pair formed a “hammer” on W1 and is now likely to retrace to higher levels.
Awesome Oscillator started rising on D1. The resistance provided by the moving averages is still far away, so there’s scope for the correction up. The H4 chart shows that the last obstacle lies at 100-period MA (82.15). The target is at 83.30 (Fibo level, resistance line).
Similar
What to trade on April 11-15
Last week, EURUSD broke below a significant support level, the gas price retested its October high, and the oil prices managed to correct lower on the bearish signs of more oil supplies coming into the market.
Global Reversal in USDJPY
What happened? Historically investors treated the Japanese Yen as a safe haven in times of world crisis…
Latest news
How Will Amazon Price React To The Split?
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…
