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1.03 - dollar is huge disappointment today

1.03 - dollar is huge disappointment today

Dollar made an unpleasant surprise to us today. The morning started with the hike and it seemed that the greenback was aiming to finish the week on a perfect high-note, but alas. Now we see that dollar had little fuel in order to go with the gains for just as long as we needed it to.

And a lot of traders have burnt themselves on it today. Relying on the growth we thought that it is going to go on, given that USA GDP data looked perfect for the current situation. Plus, traders started to flee for the safe havens as the conflict between India and China was heating up to the point where it seemed that nuclear weapons are going to be implemented.

But lucky for the rest of the world none of that happened and dollar SAW THE outflow of traders back to the Asian segment of the market today. And that played it role in the whole situation as well.

Would we predict the outcome like that for dollar’s end of the week? Well, I personally, like any other trader would prefer to see a nice growth, but I of course wouldn’t leave it all up to the chance. Trading signals are a great help in the situation like that!

With currency as volatile as the greenback has been for the last several weeks I highly recommend to not even think about entering trades without your trading signal!

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