Trade on the difference in interest rates

Events, which should be paid attention to today:

16.45 Moscow time. USA: PMI composite index for April.


, the profitability of American 10-year-old treasury bonds is one step from the 3% mark and a breakdown of this level will accelerate the ascending trend in this currency pair. In this currency pair, traders play the idea on the difference in interest rates. In the USA, the discount rate is now 0.5% and in summer it can be 1.5%. In Japan, the rate is -0.1% and the monetary authorities do not plan It is changed in the coming months. Trade on the difference in interest rates is a classic approach in Forex trading. Everything is quite simple and primitive, but it brings a good result.

Trade recommendation: Buy 127.70/127.48 and Take Profit 128.34.