These several days are going to be very quiet and very boring. There is not much going on the world and even less things can act as a catalyzer for the markets. What does that mean? Not a lot of things can move the markets today, especially given the fact that there is not a lot of things happening in the first place.
One can say that one of the main movers of the market for today is the geopolitical climate. That’s right. Geopolitics are in focus right now, even though there is not much going on and not much can change over these several days. But, we have to lean on something when deal with trading in the least active time of the day.
For example, trade war. It has been the reason for a lot of movement in the markets. And of course it created the reason for USD to gain some of the power back. But, the focus is mostly on Asian segment right now. How is it going to react to the future changes and what dangers does it bare right now? Behind this we lose the focus of USD, which allows USD to fall. And this is the ground for other currencies to grow. For example, euro.
European currency didn’t have a lot of reason to grow. But it is growing now. Solely because of the fall of the dollar and because euro is one of the most popular currencies in the markets.
There you go – a nice present under your Christmas tree – a surging EUR/USD chart.
To determine the direction of everything else, use trading signals.