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January, 30 - watch out for USD-led couples today

For the last several days USD was the instrument to watch. And I have to say that the situation is not really changed. Today we also have to be very careful around USD-led couple as the can jump and change direction unexpectedly. Why? Well, today we are going to get Advance GDP q/q report for USD.

 

It's the broadest measure of economic activity and the primary gauge of the economy's health. The better the numbers in it are, the better it is for the future of the currency. It is released quarterly, so bear in mind that it is going to show us numbers for the last three months of 2019 – the most turbulent months of 2019 in the USA (politics wise). Of course, USD didn’t really lose much of its position because of the impeachment of Donald Trump, but we have to be careful today anyway.

 

usd 30.01.2020

 

I think that economy of the USA has done well and there is nothing for us to fear, but still – caution has never hurt anyone, especially in trading.

 

Trading signals are going to help you here and today.

 

 

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