Posted by at 4:46 PM  FX Market
Feb 042020

Short 73.4 or 74, TP 71.7 to 69.00

Fundamental Catalyst:
– Coronavirus global epidemic affecting China growth and Global growth
– Uncertainty of China fulfilling her phase 1 trade deal with US
– Phase 2 deal won’t happen until after US elections
– Rate cutting for RBA is still on the table
– Australian bush fires would have some economic impact

Possible Headwinds:
– BOJ easing is always a probability
– Finding a cure for Coronavirus

AUDJPY Short by traderh on

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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