Have you noticed that when something bad happens to the greenback, it all happens simultaneously? Of course, with President as unstable and as irrational like Donald Trump we have already come to accept, that falls and gains may come and go in different times, but in the end we always want to hope for the better in dollar. But alas! When has anything good happened to dollar?
Of course, when nothing happens and everything goes seemingly smooth, it is perfect, but at times of storm, like now, we are seeing horrible performance form the world’s most popular currency.
Right now we are seeing that Donald Trump is failing to negotiate something with the North Korea leader =Kim Jong Un. That undermines world’s faith in the USA. Dollar is also facing other difficulties, like traders fleeing to safe havens due to the Indian-Pakistani crisis and overall unstable situation with Chinese tariffs.
Of course, in situation like that we are not hoping to see a stable dollar, but having more support wouldn’t hurt.
So, in case dollar is going to keep on falling we are going to need trading signals even more on order to understand what we are to do in the nearest future!