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December, 13 - will USD reverse its movement after such a horrible fall?

For the last review of the week we might like to cross on ocean from GBP and cross towards its GBP/USD counterparty – the greenback itself. As you might have known USD has not been having the best time as of late. The greenback has been losing more and more price against the basket of six major currencies and as of now there is not hope for a recovery. Or is there?

 

usd 13.12.2019

 

Yesterday we came face to face with several important reports for USD and today is not going to be any easier as in just several short minutes Core Retail Sales m/m and Retail Sales m/m reports are going to be presented. Both of them are going to shed more light on the current state of American economy. And the reality is that we need to have some good news for USD because it is bound to start growing sooner or later. And the more gradually it is going to happen, the better it is going to be for the other currencies.

 

Rapid jumps are going to result in rapid falls for all of other currency couples that we might trade and that is less than optimal for us. So, until we have the reports at hand, it is better to be careful with USD and all of the couples including it.

 

Trading signals are going to give you the hint of what to trade right now.

 

 

Lang

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