FREE VIP SIGNAL BUY NOW AUD/JPY Solid company earnings | Focal Community Group (FXSignals)

FREE VIP SIGNAL
BUY NOW AUD/JPY

Solid company earnings and a call between China’s Vice Premier Liu He and US Treasury Secretary Janet Yellen lifted market sentiment. The USD is mostly flat even as safe haven demand is lower after better than expected earnigns, but a touch higher against the euro, which is still dragged by expectation that the ECB will keep its monetary policy accommodative for longer and soft German data on Monday. No changes are expected from the Bank of Japan, which continues to weigh on the JPY. While most central banks are planning to end emergency stimulus measures and gradually hike rates in the upcoming 6 - 18 months, the BoJ has not announced any plans like this. The Australian dollar benefits from an improved risk sentiment and high commodity prices. Countries in Asia, including China, as well as Europe are facing a power crises, which will continue to keep coal, natural gas and oil prices up. Australia is the world's fourth largest coal producer. China is not purchasing coal from Australia, but the increasing global demand keeps coal prices on the global market up - I think that China's import ban of coal from Australia has a lower impact than many economists believe as Australia will find other buyers - which is also reflected by Australia's export earnings - which continue to rise and remain at record levels.

Try to get in as LOW as possible.

Tip: You can multiply your usual lot size by ~ 1.25 - 1.50 (125% - 150%) trading AUD/JPY

Signal delayed by ~ 20 minutes
(non-delayed signals in VIP group).


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