It seems that day after day the situation in the markets is getting worse and worse. It looks like the volatility and changed in the performance are never going to stop and that we are forever going to be bound to the performance of the greenback. And yes, I know that it has always been that way with the USD, but right now with the situation that unstable and Trump once again hearing the talks about the impeachment, we are left to wonder – is today’s reaction is a reaction for the future report on Consumer Confidence or just a result of a new political scandal.
This time Ukrainian President is the one to blame. Yes, yes. It seems that the talks that happened between Trump and newly-elected Vladimir Zelenskiy in the beginning of summer are only now stirring up the situation. Why? Well, seems that Trump asked Zelenkyi to start up an investigation against the most likely political opponent of Trump in election in just a year – Joe Biden. And even though Trump claims that the talks were innocent, he still refuses to let the text of the talks be released to the general public. All of this is undermining Trump’s reputation as well as investor’s trust into dollar. Put that together with today’s consumer confidence report and there you have it – USD chart is rightfully going lower and lower.
If the situation in Europe hasn’t been this drastic, we would see EUR/USD chart grow even more with news like this. But we need to enjoy what we have right now.
And how good it is that we have trading signals.