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December, 6 - USD has all the chances to reverse its fall today

Watch out for USD today. After all, American currency is very far away from its perfect state and its high position and right now it seems that there is no way that it is going to come back on the pedestal any time soon. But, everything is possible and today we might see some recovery even though it is the last day of trading for the week.

 

usd 6.12.2019

 

Today we are going to see employment and unemployment reports for USD. And, as we know, Donald Trump really won this battle – unemployment rates are really on the lowest point right now. And every time when report on the matter comes out, we can see that USD grows and recovers, after all – more jobs means more support for USD and for American economy. And the better the numbers today are going to be, the more of a recovery we are going to see.

 

This, of course, means that such couples as EUR/USD and GBP/USD will have to share the spotlight with USD/JPY, for example, because the latter would start growing again. Surely, today we are given a great opportunity to follow all the major couples and watch for them to start their breakout or extend their growth.

 

Seems like a perfect task for trading signals, wouldn’t you say?

 

 

Lang

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