- USD / JPI price analysis indicates improvement in risky appetite.
- The American president said he was ready to reduce tariffs on cars.
- India will be the first to sign trade with the US.
Price / JPI / JPI analysis indicates improving risk appetite after Trump is promise lower automobile tariffs. At the same time, progress in trading negotiations with countries like India has reduced the risk of global trade war. However, the dollar is still fragile in the midst of insecurity due to the fate of trading talks between the United States and China.
If you are interested in automated forex trading, check our detailed guide-
The American president said he was ready to reduce tariffs on the car on Tuesday, slightly mitigate economic problems. The Trump’s tariff campaign became less aggressive in the last days, because it recognizes the risk of economics. Last week, the president criticized feeding, demanding lower interest rates to support the economy. However, Powell remained cautious, not to give any clear signals when the next cut price will come. This is an escorted trump, which led to its softer attitude.
Moreover, negotiations with countries that could suffer reciprocal tariffs are in progress. Monday Scott Besent said India will be the first to sign a contract with the United States. As a result, market participants are optimistic in terms of global economy.
However, progress with China stopped with any country that is willing to be the first to cut tariffs. Now they are waiting for China to start lowering their tariffs before they do the same. However, the United States has admitted that the current tariffs are unsustainable. Therefore, one side will have to initiate the procedure in the end.
Today Events USD / JPI
Technical price Analysis USD / JPI Technical price: The bulls are re-set on 30-SMA resistance
On the technical page, the USD / JPI price has violated above and reiterated a solid resilience technique. However, it returned below 30ths, and RSI is now under 50 years. However, the bulls cause SMA resistance.
If you are interested in guaranteed forex brokers to stop stopping, check our detailed guide-
USD / JPI is to reduce because the bears took the lead on top of the chart. The price generally remained below 30ths. Moreover, high running trends, it is a clear trendline resistance. However, things changed after the price reached the support level of 140.01.
Here the bulls became stronger, pushing the price above the 30th and trendline. In addition, the price pulled back to reset it. From here, the bulls must be pierced above 144.02 resistance to set higher and confirmed the posturance. Otherwise, the fall will continue.
Looking for forex trading now? Invest in Ethorro!
67% of retail orders lose money when trading CFDs with this provider. You should consider whether you can afford to take a high risk of losing money.
