Unsurprising to no one Donald Trump stated yesterday that he is not ready to make a trade deal with China – a stamen that was undoubtedly bound to influence trading around the world today. Of course this couldn’t help but have an effect on USD itself. Of course there is a huge chance that Trump still doesn’t understand what harmful effect trade war and the lack of trade agreement has on American economy but the plunge that the greenback took right after the statement was issued might finally give him a clue.
At the moment the greenback is trying to recover and I must say that its attempts are more than successful, but we have to remember that at any moment we might receive disturbing news from the White House. It can’t help but attract our attention – instead of trying to resolve the conflict, Trump is throwing tantrums because another country doesn’t want to sell its territories to him. How ridiculous is that?
Well, today we are going to receive a FOMC minutes report – a deep insight into the last US Federal Reserve meeting. And of course there is always a chance that we are going to find the exact piece of information we need in there. Anyway, we need to look out for today’s performance of USD. And trading signals are going to be of great help to us here,