FX Today's Market Commentary: "Are you quitting stocks now? That's a waste! Survive the market crash! The latest outlook for USD/JPY and stocks"
Hello everyone! Today is Monday, August 5. Well, it's time for the market analysis in the Trade Idea Lab. Wow, this morning both the Nikkei and US stocks started with a surprising big drop! Are you all surprised? On_CURR (all can, or "Orkan" and "Levernas" likely mistranslations) today they are all wiped out.
You might hear people say, “I’ll just quit the new NISA,” but wait a moment! I actually think this is a chance. Look, if it stops at the 800-day moving average, that’s a buying opportunity! Well, mutual funds aren’t bad either, but personally I think swing trading might be more profitable.
Now, as for the USD/JPY, as I mentioned earlier, the futures price has reached the target of 145.50. Oh, as expected. It might go a bit lower, but isn’t this a buying opportunity here too? I’m hopeful for a rise up to 150.
Now, let’s have an exciting, thrilling trading week! Wishing you all good trades!
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